From NASDAQ MarketSite:

Investors saw new options for Coinbase Global Inc become available today, with a $235.00 put contract offering a bid of $30.00. This could be a 12.77% return on cash commitment or 93.27% annualized if the contract expires worthless. The $235.00 strike is out-of-the-money by 3%, with 59% odds of expiring worthless.

On the calls side, a $245.00 call contract has a bid of $29.90. Selling a covered call could lead to a 13.96% return if the stock is called away at the expiration. With 45% odds of expiring worthless, the investor could keep both their shares and the premium. The $245.00 strike is 2% above the current trading price.

The implied volatility in the put contract is 98%, while in the call contract it is 96%. The actual trailing twelve month volatility is calculated to be 80%. For more options contract ideas, visit StockOptionsChannel.com.



Read more at NASDAQ MarketSite: April 26th Options Now Available For Coinbase Global (COIN)