Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Mark R. Hake, CFA

Broadcom Estimates Are Rising, Pushing Up AVGO Stock's Value - Good for OTM Short Put Plays

Analysts have been hiking Broadcom Inc (AVGO) revenue estimates, which has raised its value. This is based on Broadcom's strong free cash flow margins. As a result, shorting out-of-the-money (OTM) put options works well here.

AVGO is at $239.62 in midday trading on Friday, Dec. 27, 2024. It has risen significantly (+33%) since releasing its FY 2024 earnings on Dec 12, when it closed at $180.66.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.