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Barchart
Mark R. Hake, CFA

FORGOTTEN HISTORY: Broadcom stock could be too cheap ahead of its upcoming earnings - The Untold Story

Broadcom AVGO Barchart OTM

Broadcom Inc (AVGO) stock could be too cheap here based on its strong free cash flow (FCF) generation. Broadcom is set to release earnings in just over 2 weeks. One way to play this is to short out-of-the-money (OTM) put options.

AVGO stock closed at $165.72 on Friday, Aug. 16, off $17.17 from its June 17 peak of $182.89, or -9.38%. This is after rising 21.6% from a recent low of $136.27 on Aug. 7. 

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