AVGO Broadcom Options Ahead of Earnings

After the Head and Shoulders chart pattern was perfectly completed:

and the bullish trend started:

Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 1380usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $129.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached

AVGO traded at $1254 after earnings, and the Puts went up from $129.85 (when I wrote this article) to $148.50 at the close yesterday (higher intraday), for about 15% gain!

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AVGO Broadcom Options Ahead of Earnings

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