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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.