AVGO Broadcom Options Ahead of Earnings

Sep 3

If you haven`t bought AVGO before the rally:

Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 330usd strike price Calls with
an expiration date of 2025-10-17,
for a premium of approximately $8.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Sep 15

Trade closed: target reached

AVGO closed at $359.87 last Friday, Sept 12. The calls went from $8.35 when I wrote the signal to $36.65 by Friday’s close, for a gain of 4.38X (even higher intraday)!
Congrats to those who bought the calls!