A trader set up the BRCM August $35/$30 bull risk reversal for a $0.38 debit, or $87,400.
The trader is making a large bullish short term bet on Broadcom. The spread has unlimited risk to zero and unlimited profit potential to the upside. BRCM closed trading today at $33.34. The break even underlying price by August expiration is $35.38.
The white line shown in the daily chart is the break even price. The trader is willing to be put the stock at $30. BRCM traded 32,380 option contracts compared to average daily volume of 20,172.
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No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.