A few hours ago I posted that I sold my 1 contract Call that I bought on Thursday. With the selling of this Call I had a gain of $7700. What a fantastic profit in just a few days! A little while ago I bought another Call. This one was a 1 contract Call of AVGO with the Strike Price of $1780 and the Expiration Date of 6\/26\/24. I paid $120.<\/p>\n
After I bought the Call I got busy doing a few things, and I was answering a question sent to me from a reader about how I was going to trade AVGO from here. Because I was busy I did not yet get to post this trade. When I was done writing to a reader I noticed AVGO popped. The position I paid $120for was now $135. I decided to sell the position I just bought to lock in another $1500.<\/p>\n
<\/p>\n
6\/17\/24 – Buy to Open 1 AVGO 7\/26\/24 $1780.00 C @ 120.00<\/strong><\/p>\n 6\/17\/24 – Sell to Close 1 AVGO 7\/26\/24 $1780.00 C @ 135.00\u00a0<\/strong><\/p>\n <\/p>\n I think, at this point, with the stock moving up big in the last few sessions, I’m gonna look for a little “profit taking” pull back. I don’t know if that will happen but I locked in $7700 plus $1500 on the day for a total of $9200 so whichever way the stock goes I’m fine. I’d love to get back in at $1780.<\/p>\n With Nvidia and Broadcom my “Stock Split Strategy” has been working nicely.<\/p>\nProfit +$1500<\/strong><\/span><\/h4>\n