* UPDATE This is an update to the blog posted yesterday <b><a href="http://livevol.blogspot.com/2010/07/brcm.html">Broadcom (BRCM) - Earnings Preview; Vol Pattern and Straddle Sale </a></b>. BRCM is trading $37.99 with IV30™ down 11.6% after earnings. <img src="http://4.bp.blogspot.com/_hMry1m7UF10/TFA14M3tu2I/AAAAAAAADy4/gl8Qs2ncG5c/s1600/brcm_summary_update.gif"> In yesterday's article I noted that: BRCM has followed a consistent pattern for seven out of the last eight earnings starting with the 10-21-2008 cycle and ending with the last earnings cycle on 4-27-2010. Specifically, a straddle sale at the close on the day of earnings and a purchase back the day after was a winner seven times. BRCM had earnings last night, the Options Tab today (<a href="http://livevol.blogspot.com/2010/07/update-brcm-earnings-results.html">in the article</a>). We can see the ATM straddle is now worth $2.54. Yesterday, the straddle was worth $3.31. The one day trade would have turned a 23% profit ex-commissions. The updated earnings and dividends stats are included (<a href="http://livevol.blogspot.com/2010/07/update-brcm-earnings-results.html">in the article</a>). <img src="http://2.bp.blogspot.com/_hMry1m7UF10/TFA142dM32I/AAAAAAAADzI/732k7l8hAdY/s1600/brcm_ed_stats_update.gif"> If you sold the straddle at the close the value was $3.01, so the gain is 18%. Either way, the result is right around our expectation. This is trade analysis, not a recommendation. Details, trades, prices, vols, skews, charts here: http://livevol.blogspot.com/2010/07/update-brcm-earnings-results.html