Long COIN Mar 17 '23 $50 Put Short

Coinbase Global, Inc.NASDAQ

Description

⋅ Feb 17, 2023 12:43 AM

Higher for longer rates are bad for risk assets. COIN has broken its uptrend and I look for the stock to move lower over the coming month. For a trade I went long the Mar 17 '23 $50 Put on COIN. We shall see.

Comments

The_Master_

⋅ Feb 17, 2023 5:28 AM

we shall see I deed.
good luck.
yes, It may go down again before the fun stuff..

Probably around the 50 to 55 mark.
Personally, I doubt it and have a feeling we are in a long-term up trend.

Remember maximum pain is for it to go up...