Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 170usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $13.70. 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 $186.42 today and the Calls went up from $13.70 (when I wrote this article) to $27.00 at the close of the day, for about 2X gain!
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