From Yahoo Finance: 2025-04-08 12:54:00

Broadcom (AVGO) announced a $10 billion share repurchase program, leading to a rally. Schwab Network analyzed AVGO’s chart, suggesting a bullish options trade. AVGO is below key moving averages but has potential support near $135. A proposed options trade exploits the rally and high volatility. AVGO stock fell 15% in the last month and 30% in the last three months.

Technician developing a new integrated circuit under a magnified microscope. AVGO holding up better than the market this year, outperforming its sector. AVGO below main moving averages, exponential moving averages trending down. Potential support near $135, rally could set stage for new upward trend.

Options trade proposed to exploit AVGO’s rally and high volatility. Buy call options with $165 strike price expiring May 16, sell call options with $185 strike price expiring April 17. Net premium for options play is $12. AVGO stock price action: fell 15% in last month, 30% in last three months.

AI stocks may offer higher returns in shorter timeframe than AVGO. AI stock up since beginning of 2025, popular AI stocks lost around 25%. Check out report on cheapest AI stock for promising investment. Disclosure: None. Originally published at Insider Monkey.

Read more: Broadcom (AVGO) Chart Analyzed, Options Trade Proposed in Wake of Today’s Rally