Upside Positioning Continues in Broadcom Ltd. (AVGO) Ahead of Q3 Earnings Announcement on 8/24 AMC -Susquehanna
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Get Alerts AVGO Hot Sheet
Price: $1,258.99 -1.84%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.8%
EPS Growth %: +5.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.8%
EPS Growth %: +5.0%
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Susquehanna options strategist Alison Edwards notes a continuation of upside positioning in Broadcom Ltd. (NASDAQ: AVGO) ahead of the company's Q3 earnings announcement on Thursday after the market close, as an investor purchased 1,600 x 3,200 Aug25 257.5/272.5 ratio call spreads paying $3.50. This position gains upside exposure above $257.50 while starting to get short at $272.50.
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