AVGO Stock: Unusual Options Activity Flags Bearish and Bullish Bets as Broadcom Trades Near Midpoint of 52-Week Range

By TrendSpider Editor

Broadcom Inc. is drawing attention in the options market today, with two unusual contracts totaling $2,563,063 in combined premium flagged across puts and calls. AVGO shares are trading at $322.39, down 0.78% on the session, sitting roughly in the middle of its 52-week range of $138.10 to $414.61. T

AVGO Stock: Unusual Options Activity Flags Bearish and Bullish Bets as Broadcom Trades Near Midpoint of 52-Week Range

Broadcom Inc. is drawing attention in the options market today, with two unusual contracts totaling $2,563,063 in combined premium flagged across puts and calls. AVGO shares are trading at $322.39, down 0.78% on the session, sitting roughly in the middle of its 52-week range of $138.10 to $414.61. The split positioning between a near-term call and a longer-dated put suggests traders are not in agreement on where Broadcom heads from here.

Key Drivers of the AVGO Stock Move

• Main Catalyst: Two unusual options contracts have been flagged on AVGO, one a put at a $320 strike expiring May 15, 2026, and the other a call at a $322.50 strike expiring March 27, 2026. Combined, they account for $2,563,063 in total premium activity, with the call contract showing a striking open interest percentage of 2105%, signaling a heavily crowded or newly initiated position relative to existing open interest.
• Bull Case: The call contract at the $322.50 strike, expiring March 27, 2026, drew 1,284 contracts in size with a premium of $1,258,320 and sits essentially at the money given the current price of $322.39. The 2105% open interest reading suggests this position is unusually large relative to what was previously established, indicating a strong directional bet on a near-term move higher.
• Bear Case: The put contract at the $320 strike, expiring May 15, 2026, carried $1,304,743 in premium at a size of 605 contracts. Though out of the money, this is the larger premium of the two trades, and the longer expiration window gives the position more time to play out, suggesting at least one large participant is hedging against or outright betting on downside over the next two months.

Broadcom remains one of the most closely watched names in the semiconductor space, and the options activity today reflects that tension between near-term momentum and longer-duration caution. At $322.39, shares have recovered significantly from the 52-week low of $138.10 but remain well off the 52-week high of $414.61, leaving a wide band of price discovery on both sides. The bifurcated positioning in the options market, with a short-dated at-the-money call and a longer-dated out-of-the-money put hitting simultaneously, could reflect institutional hedging around a catalyst or simply competing directional views on where artificial intelligence infrastructure spending trends will take the stock through the spring.

AVGO Unusual Options Activity

• Contract 1: Put | Strike: $320 | Expiry: May 15, 2026 | Volume: 605 | Open Interest: 9% | Classification: OTM | Premium: $1,304,743
• Contract 2: Call | Strike: $322.50 | Expiry: March 27, 2026 | Volume: 1,284 | Open Interest: 2105% | Classification: ATM | Premium: $1,258,320

The call contract expiring March 27, 2026, is notable for its open interest reading of 2105%, meaning the volume transacted today dwarfs the existing open interest by a factor of more than 20. This kind of ratio often signals a fresh, aggressive position rather than a hedge on an existing holding. The put expiring May 15, 2026, carries a higher total premium despite lower contract size, suggesting larger per-contract pricing that reflects the added time value of the two-month window.

AVGO Seasonality

March and April have historically represented an active period for semiconductor names as investors reposition ahead of mid-year earnings cycles and reassess capital spending forecasts from major cloud and hyperscaler customers. Options activity of this nature in mid-March often precedes increased volatility heading into the late first quarter and early second quarter earnings season.

AVGO Relative Performance

AVGO is down 0.78% on the session at $322.39, a modest decline in absolute terms but notable given the stock's position within its 52-week range. Trading closer to the lower half of its $138.10 to $414.61 range, Broadcom has room to run if momentum returns, but the current price level is roughly 22% below the 52-week high, underscoring that the stock has not fully reclaimed its peak valuation from the prior year.