I bought puts on $Broadcom(AVG

I bought puts on $Broadcom(AVGO)$ because I expected it to report and beat earnings, but then fall due to being overbought and its high 93.22 PE ratio. I also bought longer-dated calls, expiring in September (after $NVIDIA(NVDA)$ earnings on August 26 and the market introduction of Vera CPU and RTX Spark, which are two very strong catalysts), because I saw $NVIDIA(NVDA)$ 's 32.89 PE as a reasonable and attractive entry point for me. $Broadcom(AVGO)$ will climb, but it will correct. Meanwhile, $NVIDIA(NVDA)$ has been on the oversold side with excellent fundamentals and about five times the revenue, with Q3 guidance around 100 billion versus $Broadcom(AVGO)$ 's modest 29 billion. Congrats to the longs.

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