AVGO Options Signal High Conviction: Focus on $330–$310 Range as Bulls and Bears Battle into Expiry

• Broadcom (AVGO) trades at $316.23 with a short-term bearish bias but sits within a long-term range.
• Options market shows heavy Open Interest at $330 call and $275 put expiring this Friday.
• Put/Call ratio of 1.15 favors downside caution, but block trades hint at strategic positioning by big players.

Here’s what’s interesting about AVGO today: the stock is perched on a knife’s edge between strong support and resistance levels, with the options market screaming that big money is watching every move. The data points to a battle playing out between bulls eyeing a rebound and bears bracing for a pullback—especially as Friday’s options expiry looms. And if you’re watching this, you want to be in the right camp.

The Options Playbook: Calls at 330, Puts at 275, and a Block Trade to Note

Looking at the options chain, the most notable OTM call is at $330 (OI: 19,114), just below the 30-day support level of 332.18. Meanwhile, the top OTM put is at $275 (OI: 28,594), which is a significant distance from the current price—suggesting a bearish bias. The high Open Interest at these levels tells me that a lot of money is parked here, waiting for a breakout or breakdown.

Here’s the thing: the put/call ratio of 1.15 in favor of puts says traders are leaning defensive, but the fact that calls at $330 still have decent OI means there’s no total surrender. It's a tug-of-war, and the market is hedging both sides.

Then there’s the block trade in the put at AVGO20260821P310 with a volume of 150 contracts. That’s not a random number. It hints someone is locking in protection for a longer horizon. And the call block trade AVGO20260330C320 with 80 contracts suggests a bullish play near the lower Bollinger Band. This tells me big players are preparing for volatility, not dismissing it.

No New Headlines, But Quiet Can Mean Big Moves

There’s no recent news shaking up Broadcom’s fundamentals. That might sound like a blank slate, but in reality, it means the market is now running on internal momentum and option expiry dynamics. No new earnings or product drops to stir things up—just a stock trading in a tight range with heavy options volume.

And that's where the opportunity lies. When news is quiet, the options market speaks louder. And right now, it’s telling us to watch the $330–$310 range like hawks.

Trade Ideas: Calls, Puts, and a Strategic Stock Position

If you’re bullish and want to play the $330 call (AVGO20260320C330) expiring this Friday, it's a high-traffic area with 19,114 contracts open. If AVGO breaks above the 332.17 level, this strike could see explosive action. Alternatively, the $345 call (AVGO20260327C345) next week offers a slightly safer entry with less time decay if the stock is showing signs of strength.

On the bearish side, the $275 put (AVGO20260320P275) is the biggest OTM put by far. If the stock dips below the lower Bollinger Band at $309.45 and starts to test the $300 level, this strike could see massive movement. The $287.5 put (AVGO20260327P287.5) next week is a safer, shorter-term bear bet.

For the stock itself, here’s the deal: the middle Bollinger Band is at $327.98, but the 30-day moving average is at $328.69. If AVGO bounces off the 308.51 intraday low and tests support around $310, you might consider a long entry near $310 with a stop just below that. A target zone could be between $325–$330, aiming to catch a rebound.

Volatility on the Horizon

The coming days are critical. The Friday expiry will act as a stress test for the stock. If AVGO breaks either the $330 or $275 levels, it could trigger a wave of gamma squeezes or unwinds. The block trades suggest someone is bracing for that—and you should too.

Right now, the message from the market is clear: AVGO is in a key phase. Whether you go long, short, or hedge with options, the key is to be ready.

The next move—up or down—could bring real clarity. But for now, the options market is saying the battle is on.