Broadcom Inc. ended the latest trading session at $344.72, a decline of 4.77%.
The only notable block trade was a $88,400 sale of September 2026 $380 calls, signaling institutions are capping upside and collecting premium. The large-trade flow leaned bearish, with the sole block activity being an out-of-the-money call sale that reflects restrained upside expectations rather than bullish exposure.
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Options Indicators
AVGO’s implied volatility is 39.26%, and with an IV percentile of just 3.19%, current option volatility is sitting on the very low end of its historical range, indicating that options are cheaply priced rather than expensive. At the same time, the IV/HV ratio of 1.22 shows implied volatility is modestly above realized volatility, suggesting the market is pricing in somewhat more movement ahead than has recently been observed, but overall the options market still reflects a low-volatility, relatively inexpensive premium environment. The Call/Put volume ratio is 1.43.
Large Trades
A call sale worth $88,400 stood out as the key large trade, with 5,200 contracts sold on the September 18, 2026 $380.00 call. With AVGO referenced at $344.72, this strike was out of the money at the time of the trade, making it a bearish-leaning or income-oriented position that suggests the seller does not expect the stock to rally decisively above $380.00 by expiration. Strategically, this kind of single-leg call sale is typically used to collect premium while expressing capped upside expectations, and it carries a moderately bearish tone because the trader is effectively positioning against a strong upside breakout. Overall, the large-trade flow in AVGO leaned bearish. The only notable block activity was an out-of-the-money call sale, which points to restrained upside expectations and a preference for premium collection rather than bullish exposure. Taken together, the bulk-order figures suggest institutional positioning was tilted toward a view that AVGO is unlikely to make an aggressive move higher over this time horizon.
Strategy Reference
For a low assignment probability, sellers could consider the $400.00 call expiring September 18, 2026, or use a bear call spread such as selling $380.00 and buying $410.00 to limit margin requirements.