Scott Bauer's Morning Trade: Coinbase (COIN)

Since the cryptocurrency exchange platform Coinbase Global (COIN) went public in April 2021, its shares have dropped more than 20 percent. Some traders look to the stock as a sort of derivative of Bitcoin future (/BTC), which have also fallen from April highs. Scott Bauer places an example options trade in COIN. He sells a put spread and a call spread, also known as an iron condor, that expires next week in order to take advantage of the decaying value (theta) expected going into a long weekend.

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Scott Bauer's Morning Trade: Coinbase (COIN)

Since the cryptocurrency exchange platform Coinbase Global (COIN) went public in April 2021, its shares have dropped more than 20 percent. Some traders look to the stock as a sort of derivative of Bitcoin future (/BTC), which have also fallen from April highs. Scott Bauer places an example options trade in COIN. He sells a put spread and a call spread, also known as an iron condor, that expires next week in order to take advantage of the decaying value (theta) expected going into a long weekend.

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

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