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.