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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.