Call Traders Cheer Resurgent Broadcom Stock

Core Insights - Broadcom Inc (NASDAQ:AVGO) experienced a 10.4% decline following a disappointing earnings report earlier this month, but has since rebounded with two consecutive weekly gains, closing at its highest level since July [1] - The stock remains popular among call traders, ranking among the top in options volume, with over 3.1 million calls and 1.7 million puts traded in the last 10 sessions [1][2] - Broadcom has shown a significant year-over-year gain of 105.6%, despite the recent pullback, and has support at its ascending 200-day moving average [3] Options Activity - In the last two weeks, Broadcom's options activity included 3,190,715 call options and 1,722,476 put options, totaling 4,913,191 in volume [2] - The most active option was the September 170 call, indicating strong interest at that strike price [1] Volatility and Pricing - The Schaeffer's Volatility Index (SVI) for Broadcom is currently at 39%, which is in the low 24th percentile of its annual range, suggesting that options are attractively priced at this time [4]