Massive $5.6M $AVGO Call Sweep Suggests Institutional Bulls Target July $250 Strike. Read More 👇 https://t.co/MzxxY6fEla
$AVGO Large $272M dark pool order. This is the largest order we've seen in this name in nearly a month. 👀 https://t.co/SpMCXK6Vfg https://t.co/w64ULOgoUH
$AVGO Big $5.6M call sweep https://t.co/9cC3WuxcQE
Broadcom Inc. ($AVGO) reported strong earnings, but the stock's recent substantial pre-earnings rally has tempered further upside expectations. Investors have been cautious, with some reducing call option exposure and common shares ahead of the earnings release. Despite the positive report, the stock price remained near the significant $250 gamma strike price, suggesting limited immediate movement. In after-hours trading, Broadcom's performance exerted downward pressure on broader equity futures such as the S&P 500 and Nasdaq, while Tesla ($TSLA) saw gains. Notably, there was a $5.6 million call option sweep targeting the July $250 strike, indicating institutional bullish interest. Additionally, a large $272 million dark pool order was executed, marking the largest such transaction in nearly a month for Broadcom, highlighting significant institutional activity in the stock.
