$AVGO — the flow's leaning long but structure matters more than sentiment.
Biggest open interest sits at $410 and $440 calls for Oct 16 — heavy, but those aren't the plays. The real signal? $500 calls for Jan 15 with 23,153 contracts. That's conviction, not noise.
Chart's sitting in a dip zone. Calls outnumber puts slightly, but don't chase that bias without confirmation.
Here's the setup:
Target 1: $380 by 10/30
Support: $352.50
If it holds above $352.50, you've got room to work toward $380. Break below support? The structure fails and you're out.
This isn't a buy list — it's a read. The flow shows intent, but price action confirms it. Trade the levels, not the hype.
Biggest open interest sits at $410 and $440 calls for Oct 16 — heavy, but those aren't the plays. The real signal? $500 calls for Jan 15 with 23,153 contracts. That's conviction, not noise.
Chart's sitting in a dip zone. Calls outnumber puts slightly, but don't chase that bias without confirmation.
Here's the setup:
Target 1: $380 by 10/30
Support: $352.50
If it holds above $352.50, you've got room to work toward $380. Break below support? The structure fails and you're out.
This isn't a buy list — it's a read. The flow shows intent, but price action confirms it. Trade the levels, not the hype.