Options Highlights for Broadcom (BRCM)

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Posted on 06/09/2011 by Ella Gold

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NEW YORK (AVAFIN) -- Broadcom options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 2,523 and calls was 13,534 equating to a 0.19 put/call ratio.

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The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Yesterday's unusual volume activity confirms that traders are re-balancing their portfolios.

Shares of Broadcom closed at $33.90, down $0.37 (1.08%) in the last trading session. Yesterday's volume of 8,221,704 shares is less than the average volume of 9,972,200 shares. BRCM is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $29.90 and 52 week high is $47.39.

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