Best Stock on the Market

Call Options on COIN on 1/29/2024

Coinbase Global, Inc. (COIN) provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally.

Downward Trading ChannelIt offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.

The company was founded in 2012 and is based in Wilmington, Delaware.

After Cathie Wood's investment fund, ARK Invest, sold $5.2 million worth of shares of the company, they have been remained bullish on the stock.

We will be trading February 9th call options.

Last Trade: $125.20

Trading Range: $46.43 - $187.39

Trade

  • Buy 1 February $125.00 Call at $6.64
  • For a net debit of $6.64

Profit/Loss Analysis

  • Breakeven at $131.64
  • Maximum profit is unbounded
  • Maximum loss is ($664.00) at strike of $125.00

Closing Summary

  • Sold 1 February $125.00 Call at $14.25

Position closed on 2/9/2024 at price of $14.25 with a 114.61% gain in 11 days.

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