Chip stock Broadcom (AVGO) will be in focus this week, as iPhone maker Apple (AAPL) reports its fiscal second-quarter earnings after the close today. According to Schaeffer's Senior Quantitative Analyst Rocky White, Broadcom boasts an average return of 8.7% in May, and finished the month positive 89% of the time. Schaeffer'sTraders looking to speculate on Broadcom's near-term trajectory can pick up options for a relative bargain. The stock's Schaeffer's Volatility Index (SVI) of 23% is in just the 11th percentile of its annual range, suggesting short-term options are pricing in relatively modest volatility expectations. Visit SchaeffersResearch.com to discover how you can use stock options to complement your investing portfolio.

Source: Forbes April 30, 2019 17:37 UTC