Call Options on COIN on 4/1/2024

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

Upwards Trading ChannelThe company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment.

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

Base, the Ethereum layer-2 network developed by Coinbase, has surpassed $1 billion in trading volume on decentralized exchanges (DEX) within a 24-hour period. On March 30, Base recorded a trading volume of $1.21 billion, marking a 25% increase compared to the previous day's volume of $959.63 million.

We will be trading April 5th Call Options.

Last Trade: $265.12

Trading Range: $46.43 - $283.48

Trade

  • Buy 1 April $285.00 Call at $5.44
  • For a net debit of $5.44

Profit/Loss Analysis

  • Breakeven at $290.44
  • Maximum profit is unbounded
  • Maximum loss is ($544.00) at strike of $285.00

Closing Summary

  • Sold 1 April $285.00 Call at $0.00

Position closed on 4/8/2024 at price of $0.00 with a -100.00% loss in 7 days.

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