NaughtyPines

AVGO -- WEDNESDAY (12/2) EARNINGS PLAY

NASDAQ:AVGO   BROADCOM LTD
AVGO             (IVR/IV 52/61) announces earnings on Wednesday (12/2) after market close, so look to put on a play before market close if you want to take advantage of the volatility crush post-earnings.

Here's the standard setup, which in all likelihood will have to be tweaked between now and earnings:

Dec             11 115/145 short strangle
POP%: ~70%+
Max Profit: $221/contract
BPE: ~$1150
BE's: 112.79/147.21
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