One of the stocks on the Watch List for today was Broadcom Stock (AVGO)
The stock rose on Monday closing at $411.80 and could try to set a new high this week following fantastic earnings on Dec 10. It is up again today.
Click here to review the latest Put Options Selling Tool analysis for Broadcom, Inc.
Broadcom Stock (AVGO)
The plan was to sell the Dec 31 expiry $350 put strike but volumes are poor and there was no interest from investors at that low a put strike. I moved to Jan 15 expiry and lower to the $340 put strike.
Trade 1:
Sold 3 put contracts for Jan 15 expiry at the $340 put strike for $1.00 and I am offering 10 cents to buy the $300 put strike but there are no buyers yet. I am offering to buy 10 put contracts. Once filled on the long puts I will sell 7 more put contracts at the $340 put strike.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. The author assumes no liability for your investment decisions. Read the full disclaimer.