On Thursday I posted that Broadcom (AVGO) announced a 10:1 split and I bought a 1 contract Call. The stock will be trading at the new split adjusted price on Monday, July 15th. With the stock at $1675 I bought 1 AVGO 7\/26\/24 $1680 Call. I went with the Expiration Date of July 26 just in case I held the position through the split, I would have a little breathing room before it expired in case the stock takes a little dip. Well, this morning the stock opened up again, about $60. I decided to take the profit. And it was a great profit, $7700.<\/p>\n
<\/p>\n
6\/13\/24 – Buy to Open 1 AVGO 7\/26\/24 $1680.00 C @ $88.00<\/strong><\/p>\n 6\/17\/24 – Sell to Close 1 AVGO 7\/26\/24 $1680.00 C @ $165.00<\/strong><\/p>\n <\/p>\n This is the beginning of my stock split strategy with Broadcom, and it was a great beginning! I locked in $7700 and I will be back in another position soon. Plus I’m not done with Nvidia yet. I’m in a long term position with 3 contracts that expire on January 17th, 2025, 6 months from today. I doubt if I hold this position anywhere that long. I hope to be out within 3 months.<\/p>\n I would like to wish my son a very happy birthday. My son Stephen is the contributing writer who wrote the \u00a0section “Options 101.”<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On Thursday I posted that Broadcom (AVGO) announced a 10:1 split and I bought a 1 contract Call. The stock will be trading at the new split adjusted price on Monday, July 15th. With the stock at $1675 I bought 1 AVGO 7\/26\/24 $1680 Call. I went with the Expiration Date of July 26 just […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-14361","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-3JD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/14361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14361"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/14361\/revisions"}],"predecessor-version":[{"id":14362,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/14361\/revisions\/14362"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$7700<\/strong><\/span><\/h4>\n