AVGO Options Signal Ranged Volatility: Focus on $345 Calls and $330 Puts as 200D MA Looms

• AVGO trades at $341.24, -0.06% from open, with 30D support/resistance at $339.93–$341.67
• RSI at 35.5 (oversold) but MACD -6.8 (bearish momentum persists)
• Put/call open interest ratio near parity (0.98), but $345 calls and $330 puts dominate OI

The stock is dancing on a tightrope between 200D MA support ($284) and 30D MA resistance ($365)—but options traders are betting it won’t break either.Where Institutional Money Is Flowing: Calls vs Puts in the $340–$380 Range

Options market makers are eyeing a key battleground: 12,447 open $345 calls (this Friday’s expiry) versus 11,795 open $330 puts. That’s not just noise—it’s a tug-of-war between bulls expecting a rebound to 30D MA and bears bracing for a test of 200D MA. The next Friday options amplify this: $350 calls (7,058 OI) vs $300 puts (7,330 OI).

Here’s the twist: RSI hitting 35 suggests oversold conditions, but MACD’s -6.8 says momentum is still bearish. The stock’s been rangebound for months (Bollinger Bands at $317.66–$431.19), yet options data shows no panic. No block trades mean no whale-sized bets to distort the market—this is retail and institutional gamma scalping territory.

No News, Just Numbers: What’s Driving the Quiet Battle?

No recent headlines to fuel this fight. Broadcom’s last earnings were months ago, and the sector’s in a seasonal lull pre-holiday. That makes options activity even more telling. Traders aren’t reacting to fundamentals—they’re hedging a technical breakout or breakdown. The 200D MA at $284.36 is a psychological floor; the 30D MA at $365.37 is a ceiling. Right now, AVGO’s sitting at 86% of that range.

Actionable Plays: Calls for Breakouts, Puts for Safety

For options: Buy AVGO20260102C345 (next Friday’s $345 call) if you expect a rally to 30D MA. The RSI dip could spark a rebound, and the strike is just 4% above current price. Or, buy AVGO20260102P330 (next Friday’s $330 put) to hedge downside risk. With 200D MA nearby, a pullback might trigger stop-loss cascades.

For stock: Consider entries near $339.93 (30D support) with a target at $341.67 (30D resistance). If it breaks below $338.30 (200D support zone), re-evaluate—momentum indicators won’t forgive a breakdown.

Volatility on the Horizon: A Gamma-Driven New Year

The next seven days will test AVGO’s resolve. With 7,000+ OI expiring at $345 and $330, we’re looking at a gamma squeeze scenario if the stock approaches those strikes. Traders are pricing in a 10–12% move either way by January 2nd. But don’t forget: Bollinger Bands still show a 75% range from 200D to 30D MA. This isn’t a breakout—it’s a waiting game.

Bottom line: Position yourself at the edges of the range. If AVGO holds 200D MA, the puts will be your shield. If it surges toward 30D MA, the calls will be your sword. Either way, the market’s already placed its bets.