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Broadcom Inc. (AVGO) reported on March 7 impressive free cash flow (FCF) and FCF margins for its fiscal Q1 ending Feb. 4. As a result, AVGO stock could be worth up to 18% more. Existing shareholders can gain extra income by shorting out-of-the-money (OTM) put options.
The semiconductor manufacturer's stock fell 7% on Friday, March 8 to $1,308.72 per share. It's off 7.9% from a peak of $1421.39 on March 4. But this may be a “sell on the news” reaction from traders. The underlying value of AVGO stock was improved by these results.