Broadcom Inc. AVGO – Options Review:
Our main runner from our report on Friday morning turned out to be our options idea for the Broadcom chain, just a day removed from the company’s earnings beat on Thursday.
We designated the AVGO Weekly $585-$595 Calls as our targets of interest for the session, and they certainly did not disappoint. They provided us with access to huge multi-bag intraday gains and were a good way to cap off what was a solid trading week.
Here were the extremely impressive intraday gains posted by those targets:
AVGO Weekly $585-$595 Calls
$585: 5.36-18.85 (+252%)
$587.50: 3.85-17.80 (+362%)
$590: 2.50-15.00 (+500%)
$592.50: .65-11.82 (+1718%)
$595: .74-10.50 (+1319%)
Today’s Options Ideas:
AMR 03/18 $120-130 Calls
VET 03/18 $20-22.50 Calls
BBBY 03/11 $29-30 Calls
We have been continuously tracking the following plays for a couple of weeks now, and they’ve continued to make positive strides during that time. INDO is streaking to new highs in the premarket this morning, while IMPP continued to push its upper boundaries, setting a new high on Friday.
Here are links to the reports of our initial mentions, the total ranges we’ve witnessed, and the overall percentage gains they represent:
Indonesia Energy Corp. Ltd. INDO
Initial Alert: Feb. 23rd
Imperial Petroleum, Inc. IMPP
Initial Alert: Feb. 22nd
HUSA, CEI, NINE, IO, OP, USEG, TXMD, AXAS, TSOI, DUTV,