Cash-secured puts on AVGO
Broadcom Inc. was trading at $387.99 when this page was last refreshed on August 3, 2026. 40 out-of-the-money AVGO puts sat in the 0.15 to 0.25 delta band, paying $201 to $543 a contract against $34,500 of cash you would have to set aside per contract. None cleared the confidence bar.
Numbers on this page come from a snapshot taken on August 3, 2026. They are not live quotes and are not refreshed when you load the page.
| Expiry | Strike | Bid / ask | Premium | Cash secured | Annualized | Keep odds | Break-even |
|---|---|---|---|---|---|---|---|
| August 10 7d | $357.50 | $1.59 / $2.43 | $201 | $35,750 | 29.3% | 80% | $355.49 |
| August 12 9d | $355.00 | $2.15 / $3.20 | $268 | $35,500 | 30.6% | 80% | $352.33 |
| August 14 11d | $352.50 | $2.72 / $3.15 | $294 | $35,250 | 27.6% | 80% | $349.57 |
| August 17 14d | $350.00 | $2.52 / $3.90 | $321 | $35,000 | 23.9% | 80% | $346.79 |
| August 21 18d | $347.50 | $3.75 / $4.20 | $398 | $34,750 | 23.2% | 80% | $343.53 |
| August 28 25d | $345.00 | $5.05 / $5.80 | $543 | $34,500 | 23.0% | 79% | $339.58 |
One row per expiration: the out-of-the-money strike closest to the middle of the delta band. The cash-secured column is the full obligation, strike times 100, because that is the capital the return has to be measured against and it is the number most screeners quietly leave out.
The capital number is the trade
Every screener quotes a cash-secured put by its premium. The premium is the small number. Selling the $345.00 put expiring August 28 pays $543 and commits $34,500 in cash for 25 days, which works out to 1.6% on the money you tied up, or 23.0% annualized.
Your break-even is $339.58, 12.5% below where the stock was trading. That is the price you would effectively be buying 100 shares at if you get assigned, and it is the only number that should decide the strike. One question, asked honestly: would you buy AVGO at $339.58 and hold it? If the answer is no, $543 is not the reason to say yes.
What the premium is priced off
At-the-money implied vol is 56%. That is the kind of number that draws premium sellers in and then runs them over. A 60% IV name can gap 20% on a Tuesday, and the premium that looked like free money on Monday covers about a fifth of that.
Can you actually get filled
Median bid-ask spread is 39.3% of the mid. That is wide. On a 60 cent contract you are giving up real money the moment you cross, and the widest strike in this ladder sits at 43.0%. Open interest is thin, 32 contracts at the median strike. You can get into a position like that far more easily than you can get out of it. 3 expiries in this ladder have almost no open interest at all (August 10, August 12, August 17), and a strike nobody else holds is a strike you will be negotiating your way out of alone.
Dates that matter in this window
Earnings land inside the 45-day window. That is the one date that reliably breaks a premium-selling trade: the stock gaps, the strike you picked on a probability model turns out to have been picked on the wrong distribution, and the vol you sold collapses to reward the buyer instead of you. The engine deducts heavily for it. The stock pays about 0.7% a year, and no ex-dividend date was confirmed inside this window.
The worst case, stated properly
Max loss on this trade is $33,958, which is what you lose if AVGO goes to zero. Nobody plans for zero. A 25% gap on bad news is not exotic though, and on the $345.00 strike that is roughly $4,859 of unrealized loss against $543 collected. 9 cycles of premium, in one print.
That is the picking-up-pennies critique and it describes the risk correctly. It is a bad argument against the strategy and a very good argument for position sizing, because the trade goes wrong when eight positions in the same sector gap together, not when one does.
What the annualized column hides
The best annualized number in this ladder is 30.6%, on the $355.00 strike expiring August 12. It is $268 of actual cash. It annualizes well because it is a 9-day contract, and annualizing a two-week trade assumes you find twenty-six more like it, at the same premium, with the same risk. You will not. The near expiry is close behind at 29.3%, with a lot less time for the position to go wrong.
Questions people actually ask
How much cash do you need to sell a put on AVGO?
Strike times 100 per contract, in full. On the $345.00 strike above that is $34,500 sitting in the account per contract, doing nothing else for 25 days. A broker that lets you post less is giving you margin, which is a different trade with a different risk profile whatever the ticket calls it.
What is the break-even on a AVGO cash-secured put?
Strike minus the premium per share. On the $345.00 strike expiring August 28 that is $339.58, which is 12.5% below where the stock was at the snapshot. Below that price you are down money on the position, premium included.
Is selling puts on AVGO a good idea right now?
This page does not answer that, and neither does the number of strikes in the table. What the app can say is that at the last refresh none of the 40 in-band AVGO puts cleared its 75 confidence bar. Read what that bar guarantees, and the disclaimer, before you treat any of this as a view.
None of these is a pick. This is a dated snapshot of the AVGO chain from August 3, 2026, and an option chain from last week is history, not a quote.