Unusually large call option activity in Broadcom, Inc. (AVGO) today suggests investors are bullish. No wonder, as AVGO is at a 6-month low. A Barchart article today shows how AVGO is deeply undervalued.
AVGO is up over 2.5% in midday trading at $329.92. AVGO hit a 6-month low of $321.68 on Friday, Oct. 23. It peaked at $422.65 on April 22 and is now down $92.73, off -21.9%.