AVGO Broadcom Options Ahead of Earnings

Updated
After the Head and Shoulders chart pattern was perfectly completed:
AVGO exposure to China

and the bullish trend started:
AVGO Broadcom Options Ahead of Earnings


Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 1380usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $129.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached
AVGO traded at $1254 after earnings, and the Puts went up from $129.85 (when I wrote this article) to $148.50 at the close yesterday (higher intraday), for about 15% gain!
AVGObroadcomFundamental AnalysisTechnical IndicatorssignalfreesignalprovidersignalservicesignalsfreesignalspackagesignalsprovidersignalsserviceTrend Analysis

Also on:

Related publications

Disclaimer