Broadcom Bear Put Spread Could Return 156% in the Next Seven Weeks

Broadcom AVGO stock was a bearish candidate that came up on one of my Barchart Stock Screeners having broken below the 200-day moving average.

Here are the full parameters for the screener and the results.

Unusual Options Activity: FREE newsletter that decodes big-money trades, with fresh trading ideas

Today, we’re going to look at a Bear Put spread trade that assumes AVGO will continue to move lower since breaking through the 200-day moving average. 

A Bear Put spread is a bearish trade…