Broadcom Inc. ($AVGO) has experienced a significant surge in its stock price, reaching $1,515 in pre-market trading on June 12, 2024. The stock, which was at $1,470 in after-hours trading on June 11, continued its upward trajectory, hitting $1,530 and showing potential to reach $1,580 following a blowout earnings report. The company reported after the close, with an expected move of 91 points. This earnings report has also driven the Nasdaq-100 Index ($QQQ) to fresh all-time highs near 477. Traders have been actively engaging with the stock, booking spreads and reassessing positions as the stock price continues to rise, with some spreads reaching up to $1,600 and a notable move of +180.
$AVGO - Hedge been on this relentlessly Huge move on the print +180. Jun spread looks limit up https://t.co/GY7kuORuj9
$QQQ fresh all time highs after hours near 477 on that $AVGO blowout earnings report as expected!
$AVGO going gaga after hrs. Jeez louise!
$AVGO Hit jackpot deep ITM https://t.co/sDMEJ5H7Sa
$AVGO $1530, $1550, $1580 upside potential on post #earnings report
$AVGO reports after the close 91 points is the expected move
$AVGO - booked July 1500/1600 spread. Net 38 vs net 4 ACB. Big run on AV a GO Will reassess later in day. Leverage is limited with the 1600 cover here
$AVGO $1,515 in pre. https://t.co/OpnhP78ILI
$AVGO πππ Slowly steadily but certainly getting to the $1500 target as mentioned π https://t.co/VOwYs0XdmW
$AVGO $1,470 in after hrs. $1,500 on deck? https://t.co/OpnhP78ILI