Call Spread on AVGO on 3/28/2016

Broadcom Limited (AVGO) designs, develops, and supplies a range of analog and digital semiconductor connectivity solutions.

Its product portfolio comprises broadband access and modems, enterprise and network processors, wireless infrastructure, wireless connectivity, Ethernet communication and switching, and set-top box and media processors.

The company’s products are used in various applications, including data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays.

It primarily serves wired infrastructure, wireless communications, enterprise storage, and industrial and other markets in China, the United States, Singapore, and internationally. The company was formerly known as Avago Technologies Limited and changed its name to Broadcom Limited in February 2016 after Avago Technology and Broadcom meged together.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

We will be trading April 15th Options.

52-Weeks Trading Range: $100.00 - $155.61

Last Trade: $153.00

Trade Buy 1 April $152.50 Call at $4.50 Sell 1 April $160.00 Call at $1.55 For a net debit of $2.95 Profit/Loss Analysis Breakeven at $155.45 Maximum profit is $455.00 at strike of $160.00 Maximum loss is ($295.00) at strike of $152.00 Closing Summary Sold 1 April $152.50 Call at $6.00 Bought 1 April $160.00 Call at $1.00

Position closed on 4/11/2016 at price of $5.00 with a 69.49% gain in 14 days.

Updates

4/11/2016 10:18:21 AM

Taking profits on AVGO call spread.

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