While I was looking at AVGO, the boring stocks were already closing.
Real trades. Real money. Documented live.
→ This week’s scoreboard is live on the Start Here page.
Last Tuesday, Broadcom reported earnings. Revenue up 48% year over year. The stock dropped nearly 20% anyway.
That kind of move demands attention. When a quality company drops 20% overnight, you want to understand why before you do anything. Business thesis intact? Yes. Quality company? Yes. Strike at a level I’d be comfortable owning? Yes. Premium elevated from the volatility spike? Very much yes.
So I opened a put at $360 — about 7% below where the stock settled after the dust. Four contracts. $10.45 each. $4,180 collected. 41 days.
If AVGO stays above $360 through July, I keep the premium. If it gets assigned to me at $360, my effective cost basis is $349. That’s a company projecting $100 billion in AI chip revenue by 2027 — with analyst targets above $490 — at a price below where even the post-earnings panic took it.
I’ll take that bet.
Meanwhile, the boring stuff was running its own program.
While I was running the AVGO checklist, two other positions were wrapping up quietly.
CCJ — $110 put, June 18. Cameco. Uranium mining. Nothing to do with Broadcom’s AI chips or guidance raises. CCJ hit its 50% profit target last week and closed automatically. $1,170 collected. I didn’t make a decision. The GTC I placed when I opened the trade did it for me.
CARR — $62.50 put, June 18. Carrier Global. HVAC and refrigeration systems for data centers and commercial buildings. Also nothing to do with semiconductor guidance. Also hit 50% and closed. $750 collected. Same story.
Both names ran their own thesis on their own timeline — completely indifferent to what was happening in the AI trade.
That’s what sector diversity actually looks like.
It’s not about owning a mix of growth and value or balancing your portfolio with index funds. It’s about making sure that when one sector gets hit with a narrative — earnings disappointment, macro scare, whatever — your other positions don’t feel it.
When Broadcom dropped, CCJ didn’t care. Carrier didn’t care. They were running on different fundamentals, different catalysts, different stories entirely.
The AVGO opportunity was worth my attention because it cleared the checklist. The rest of the portfolio didn’t need it.
What to watch
AVGO is already up 13% — the GTC is working. NEM is ITM and running toward July expiration. GOOGL is sitting right near the strike and will need a decision soon.
→ Full scoreboard is live on the Start Here page
— Keith
The Income Wheel | theincomewheel.com
Real trades. Real money. Documented live.
Nothing here is financial advice. I’m documenting how I personally trade — not telling you what to do with your money.