Broadcom Put Activity Surges With $1.7M in Bearish Contracts as AVGO Climbs 2.59%

By TrendSpider Editor

Broadcom Inc. (AVGO) is drawing attention in the options market today after two notable put contracts hit the tape, totaling $1,729,588.60 in combined premium against a backdrop of a 2.59% intraday price gain. The stock is currently trading at $352.53, sitting closer to the lower end of its 52-week

Broadcom Put Activity Surges With $1.7M in Bearish Contracts as AVGO Climbs 2.59%

Broadcom Inc. (AVGO) is drawing attention in the options market today after two notable put contracts hit the tape, totaling $1,729,588.60 in combined premium against a backdrop of a 2.59% intraday price gain. The stock is currently trading at $352.53, sitting closer to the lower end of its 52-week range of $289.96 to $495, suggesting the stock has meaningful ground to recover before retesting its highs. The bearish options positioning stands in contrast to today's upward price action, raising questions about what institutional or sophisticated traders may be anticipating in the weeks ahead.

Key Drivers of the AVGO Stock Move

• Main Catalyst: Two unusual put contracts were flagged today. The dominant flow is a PUT at the $340 strike expiring November 20, 2026, with a size of 1,406 contracts, open interest participation of 14%, and a premium of $1,701,400.60. A second, smaller PUT at the $350 strike expired today (October 2, 2026) with 1,044 contracts, 22% OI participation, and a premium of $28,188.
• Bull Case: AVGO is up 2.59% on the session to $352.53, and the $350 put that expired today is now out of the money, meaning that bearish bet expired worthless. Today's price action reflects genuine buying interest that overpowered near-term put positioning.
• Bear Case: The $1,701,400.60 put at the $340 strike expiring November 20, 2026 represents a substantial bearish wager that the stock could fall below its current level within the next seven weeks. At a 14% open interest ratio, this is a notable new position rather than a hedge against an existing block, which adds to its significance.

The forward setup for AVGO is nuanced. The stock has bounced meaningfully off its 52-week low of $289.96 but remains well off its high of $495, leaving it in a wide recovery range. The November $340 put suggests at least one large participant sees downside risk of more than 3.5% from current levels over the next several weeks. Traders will want to watch whether additional put flow emerges at similar strikes, which could signal a more organized bearish thesis building around Broadcom into the back half of the fourth quarter.

AVGO Unusual Options Activity

Two put contracts were flagged as unusual today, with a combined premium of $1,729,588.60:

• Contract 1: PUT, $340 strike, expiring November 20, 2026 | Volume: 1,406 | Open Interest: 14% | Out of the money
• Contract 2: PUT, $350 strike, expiring October 2, 2026 | Volume: 1,044 | Open Interest: 22% | Out of the money

No call-side unusual activity was flagged. The total unusual contract count stands at 2, with the entirety of unusual premium flowing into puts. The absence of any call-side flow reinforces the directional skew of today's unusual activity toward the bearish side, even as the underlying stock moves higher on the session.

AVGO Seasonality

The early October timing of this put activity is worth noting, as the final quarter historically brings both increased volatility and positioning shifts ahead of earnings cycles in the semiconductor space. Traders building November expiry positions now may be anticipating a catalyst, whether macro or company-specific, in the weeks leading into that expiration.

AVGO Relative Performance

AVGO's 2.59% gain today reflects relative strength within the semiconductor sector on a single-session basis. However, with the stock at $352.53 and its 52-week high at $495, Broadcom remains roughly 29% off its peak, underperforming peers that have staged fuller recoveries from their respective lows. The distance between the current price and the 52-week high suggests AVGO has lagged the broader semiconductor rally that has lifted names like NVIDIA and others closer to their highs.