From Nasdaq: 2024-04-12 10:41:17

Investors in Coinbase Global Inc (COIN) have new options available for the May 31st expiration. A put contract at the $255.00 strike price has a bid of $31.10. Selling this put contract could allow investors to purchase stock at a lower cost basis. The current odds suggest a 57% chance that this put contract will expire worthless. On the call side, a call contract at the $260.00 strike price has a bid of $32.05. Selling this call contract as a covered call could provide a total return of 13.38% if the stock is called away at expiration. The current odds of this call contract expiring worthless are 45%. The implied volatility for the put contract is 88% and for the call contract is 91%. The actual trailing twelve month volatility is calculated to be 77%.

Read more at Nasdaq: First Week of May 31st Options Trading For Coinbase Global