Broadcom Sees Bullish Call Sweep Worth $1.07M as Stock Sits Near 52-Week Lows

By TrendSpider Editor

A single unusual options contract worth $1,068,000 in premium hit the tape for Broadcom Inc. (AVGO) today, with a bullish call position targeting a significant move above current levels by mid-September 2026. AVGO is currently trading at $355.31, down 0.40% on the session, and sits much closer to it

Broadcom Sees Bullish Call Sweep Worth $1.07M as Stock Sits Near 52-Week Lows

A single unusual options contract worth $1,068,000 in premium hit the tape for Broadcom Inc. (AVGO) today, with a bullish call position targeting a significant move above current levels by mid-September 2026. AVGO is currently trading at $355.31, down 0.40% on the session, and sits much closer to its 52-week low of $287.17 than its 52-week high of $495. The options activity suggests at least one large trader is betting on a meaningful near-term recovery.

Key Drivers of the AVGO Stock Move

• Main Catalyst: One unusual call contract was flagged today on AVGO with a $387.50 strike expiring September 18, 2026. The contract printed with a size of 1,200 and an open interest ratio of 1,053%, indicating this trade dwarfs existing open interest and was almost certainly a fresh, aggressive position rather than a close-out of an existing trade.
• Bull Case: The $1,068,000 in premium committed to this single out-of-the-money call signals strong directional conviction from a well-capitalized trader. A move to $387.50 from the current price of $355.31 would represent a gain of roughly 9% in under four weeks, and the 1,053% open interest ratio underscores just how outsized this bet is relative to existing positioning.
• Bear Case: The call is currently out of the money, and AVGO would need to close the gap between $355.31 and the $387.50 strike before September 18, 2026, a tight window. The stock is already down on the session and has spent much of the past year well below its 52-week high of $495, suggesting the broader trend has not been favorable for bulls.

With expiration set for September 18, 2026, this trade has less than four weeks to play out, which means any catalyst would need to materialize quickly. Broadcom has been a central name in the AI infrastructure buildout narrative, and the semiconductor sector broadly has remained sensitive to macro rate expectations and enterprise spending signals. If any product announcements, partnership news, or broader sector rotation into chip stocks emerges in the coming weeks, this position could move quickly into profitable territory. The compressed timeframe and out-of-the-money strike make this a high-risk, high-conviction trade that is worth watching closely as September expiration approaches.

AVGO Unusual Options Activity

One unusual options contract was flagged in today's session for Broadcom Inc.:

• Type: Call | Strike: $387.50 | Expiry: September 18, 2026 | Volume: 1,200 | Open Interest Ratio: 1,053% (OTM) | Premium: $1,068,000

The 1,053% open interest ratio is the defining feature of this print. It means the volume on this contract today is more than ten times the existing open interest, a hallmark of a new, institutionally driven directional bet rather than routine hedging activity. Total unusual contracts flagged: 1. Total premium: $1,068,000.

AVGO Seasonality

Late August and early September have historically been a mixed period for semiconductor stocks, with volatility often picking up ahead of major tech conferences and back-to-school demand data. A September 18 expiration positions this trade squarely within a window that could capture any early-fall sector catalysts.

AVGO Relative Performance

AVGO is down 0.40% today at $355.31, trading in the lower half of its 52-week range of $287.17 to $495. The stock remains approximately 28% below its 52-week high, suggesting it has significantly underperformed the levels it achieved earlier in the trailing year. Without peer price data available in today's feed, direct comparison is limited, but AVGO's positioning near the bottom third of its annual range stands out as a notable backdrop for today's aggressive bullish options activity.