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Broadcom (AVGO) recently released impressive results for its fiscal Q3 ending July 30. The semiconductor company reported a massive free cash flow (FCF) of $4.6 billion. This could push AVGO stock significantly higher.
Moreover, given that the stock has recently shown weakness, this provides a great opportunity for value buyers. In addition, given very high put option premiums, it makes sense to short out-of-the-money (OTM) puts to gain extra income.