Buying COIN call contracts.
Coinbase Global Inc. (COIN) is one of the speculative tech stocks that has fallen far out of favor with investors.
But despite a dramatic decline, COIN still stands to benefit as cryptocurrencies gain popularity. And with the broad market oversold and cryptocurrencies finding support, COIN could be poised for a significant relief rally.
Buying in-the-money call contracts today gives us a chance to profit if COIN moves higher as the market rebounds. This approach also helps manage risk as these calls will retain some value even if shares continue to decline.
- Buy (to open) 4 COIN April 14th $150 Calls
- Limit $31.00 or less
- The new position will represent roughly 9.2% of our Spec Model capital
- 15:42 Executed
- Bot 4 COIN Apr 14th $150 Calls @ $29.70