Coinbase GlobalLong
$COIN going on vacation selling puts
Going on vacation out of the country for a few weeks. I like selling OCT $60 puts as an idea to help pay for the trip and more of a hands off strategy.
Coin is down -10% today and been putting in high beta moves. However with a nice volume shelf and demand in the 60 zone, I don't mind selling cash secured puts for 6.75 in credit.
Worse case, I get assigned and start wheeling on this juicy name. Will start trimming at +30% or so depending on time. I really don't want to be checking the market while on vacay though.
Cheers
Coin is down -10% today and been putting in high beta moves. However with a nice volume shelf and demand in the 60 zone, I don't mind selling cash secured puts for 6.75 in credit.
Worse case, I get assigned and start wheeling on this juicy name. Will start trimming at +30% or so depending on time. I really don't want to be checking the market while on vacay though.
Cheers
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