Broadcom (BRCM) Offering Possible 13.64% Return Over the Next 18 Calendar Days

Broadcom's most recent trend suggests a bullish bias. One trading opportunity on Broadcom is a Bull Put Spread using a strike $41.00 short put and a strike $36.00 long put offers a potential 13.64% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $41.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $36.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Broadcom is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Broadcom is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Broadcom

Monday’s Notable Options Activity
Tue, 04 Nov 2014 13:17:38 GMT

Broadcom bull sees major upside
Tue, 04 Nov 2014 11:16:25 GMT
optionMONSTER – One investor apparently thinks that Broadcom's rally has only just begun. optionMONSTER's Heat Seeker monitoring program detected heavy buying in the December 42 calls and selling in the January 40s. It …

Broadcom Showcases End-to-End Automotive Connectivity Portfolio at Detroit SAE Convergence Event
Mon, 03 Nov 2014 08:59:37 GMT
noodls – Live Demonstration of Industry Leading Wired and Wireless Solutions Powering the World's Top Automotive Brands At the 2014 SAE Convergence Conference & Exhibition, Broadcom Corporation, a global innovation …

Broadcom DSL Gateway Device Enables Gigabit-class Services to and Within the Home
Mon, 03 Nov 2014 07:10:37 GMT
noodls – High-performance Multimedia Gateway SoC Integrates G.fast to Deliver Broadcast Quality Multi-stream IPTV, Voice, Data and Home Networking Broadcom Corporation, a global innovation leader in semiconductor …

Today's Momo Momentum Stock Is Broadcom (BRCM)
Fri, 31 Oct 2014 13:46:00 GMT
TheStreet – Trade-Ideas LLC identified Broadcom (BRCM) as a momo momentum candidate

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