My third straddle position on AVGO straddle earnings play expecting this wild swing. It's expected to run up abit more between 14-16% when ppl FOMO chase it with the good earnings. Will hold a position for slightly longer into the day. Likely a trend day it seems 🤫 

$AVGO reported mixed earnings results missing revenue expectations by a tiny bit:

❌Revenue: $14.05B vs. $14.06B expected

✅EPS: $1.42 vs. $1.39 expected

✅Operates in multiple sectors, including semiconductors, software, and infrastructure solutions.

✅A leading position in critical markets such as wireless chips, broadband, and data center solutions.

✅A strong track record of generating significant free cash flow, enabling substantial dividend payouts and share repurchases.

❌Semiconductor business is exposed to cyclical demand swings.

❌Elevated, but manageable debt levels above D/E of 1.