Call Options on AVGO on 9/7/2021

Broadcom Inc. (AVGO) designs, develops, and supplies semiconductor infrastructure software solutions.

It offers semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide.

The company's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms.

It operates through two segments, Semiconductor Solutions and Infrastructure Software.

The company was incorporated in 2018 and is based in San Jose, California.

Broadcom, Inc. reported 3rd Quarter July 2021 earnings of $6.96 per share on revenue of $6.8 billion. The consensus earnings estimate was $6.85 per share on revenue of $6.8 billion. Revenue grew 16.4% on a year-over-year basis.

The company said it expects fourth quarter revenue of approximately $7.35 billion. The current consensus revenue estimate is $7.23 billion for the quarter ending October 31, 2021.

Following strong revenue on an earnings report on September 2, this stock should head higher into the next quarter.

We will be trading September 17th Call Options

Last Trade: $497.68

Trading Range: $343.48 - $507.85

Trade Buy 1 September $495.00 Call at $9.48 For a net debit of $9.48 Profit/Loss Analysis Breakeven at $504.48 Maximum profit is unbounded Maximum loss is ($948.00) at strike of $495.00 Closing Summary Sold 1 September $495.00 Call at $9.00

Position closed on 9/17/2021 at price of $9.00 with a -5.06% loss in 10 days.

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