Taking another swing this time - betting on AVGO's earning, with the company reporting its earning later today after market closes.
The share price currently finding support both on the support side of this bullish channel it has been trending for almost 2 years now, and the 200EMA, of which the price almost always find support at 200EMA for the pass 2 years. On top of the 2 bullish thesis, the share price has also came down and filled the gap it created during last earning.
These 3 bullish thesis has led to opening this CSPUT not so much to own the underlying but just to profit from collecting the premium as expecting the share price to head higher after earning Report. however if the earning were to miss, this contract has a 20% cushion where the strike is placed. $AVGO 20250314 150.0 PUT$
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