I wrote earlier that I felt META would be the next big stock doing a stock split and then I heard Broadcom announces a 10:1 stock split. They announced it yesterday but I was on the road and didn’t see it. I was a little late to get involved because AVGO is up $183 today. However, I did buy 1 contract of a Broadcom option a little before the close. With the stock at $1675 I bought 1 AVGO 7/26/24 $1680 Call for a premium of $88.
6/13/24 – Buy to Open 1 AVGO 7/26/24 $1680.00 C @ $88.00
The stock will do the split after the close of Friday, July 12th and will trade at the new split adjusted price on Monday, July 15. I feel I will be out of this position by then but if not this position will become a 10 contract Call.
I still have to write about how my Nvidia positions did as a result of the 10:1 split but it is in the area of $25,000. Broadcom should be interesting and I think META will be next.
Successful trading,
Steve
The Options Coach
Thanks Steve for all your insight, and thanks for sharing, we sure enjoy your take on things.
Hi Seth,
It looks like Broadcom (AVGO) is on a “split announcement” run. I think this will be another good money making opportunity. Up over $185 yesterday and $38 so far today. Thanks for reading!
Steve