Hello all! A few weeks ago there was a bunch of news about several trades that Nancy. Here is an article about those trades. My question is specifically about here Broadcom(AVGO) options trade. I don't really trade options because I don't understand them. I like to think that I understand the basics, but maybe not.
Anyway, the upcoming split is what confuses me about this. She bought 20 options calls with a strike price of $800. Does that she mean that she thinks the current price of AVGO, currently $1744 a share, will drop significantly from its current price? Or does she think it will rise significantly from the 10 to 1 split price? Again, the split is what confuses me.
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