Goldman Sachs raised their S&P 500 year-end price target to 5,600 and the market is responding. I was gonna wait a day or 2 to get back into AVGO but with the market moving I decided to get back in. With the stock at $1835 I bought 1 AVGO 7/26/24 $1820 Call for a premium of $126. This Call is In-the-Money by $15. I went with the $1820 Call because it has a higher Delta and I would love to get out today with a $1000 profit. But I won’t count on that lol.
Buy to Open 1 AVGO 7/26/24 $1820.00 C @ $126.00
Successful trading,
Steve
The Options Coach