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Barchart
Barchart
Mark R. Hake, CFA

Investors Love Broadcom, But AVGO Stock Still Has Room to Rise

Broadcom (AVGO), the semiconductor and software firm, makes huge free cash flow profits. That's why AVGO stock is popular with investors. As a result, shorting OTM puts now is a good income play.

In fact, recently AVGO stock has been rising as it is now at $885.23, up from $829.08 on Sept. 22. Investors have recognized that the stock was too cheap after the company's recent earnings announcement on Aug. 31. 

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