From Nasdaq: 2024-05-31 12:40:00

Bitcoin has been on a bullish tear, reaching near all-time highs near $70,000. Stocks like Coinbase have surged nearly 300% in the past year, benefiting from the cryptocurrency’s rise. Analysts are raising earnings estimates significantly, with a 357.32% increase for 2024 EPS estimates in the past 60 days.

Option spreads provide flexibility and limited risk in volatile markets. By purchasing a call option debit spread on Coinbase, traders can profit even if the stock stays flat or declines. This strategy allows for downside protection and the potential for profit in various market scenarios, making it a versatile and effective way to trade options.

Read more at Nasdaq: Coinbase Option Spread Has a 50% Return Potential in Less Than 2 Months