From Nasdaq:

Investors of Coinbase Global Inc (COIN) can now explore new options that were released for the March 28th expiration. Stock Options Channel has identified a put contract at the $115.00 strike price, perfect for investors wanting to purchase COIN shares at a potential discounted price, with the current bid at $6.35.

If the $115.00 put contract expires worthless, the premium would represent a 5.52% return on the cash commitment, or 41.17% annualized. Stock Options Channel will chart these odds over time. The put contract would result in an approximate 12% discount to the current trading price of the stock.

On the other hand, the call contract at the $150.00 strike price has a current bid of $8.60. Purchasing a “covered call” would commit investors to sell the stock at $150.00, potentially providing a total 20.70% return (excluding dividends). However, there is a possible downside of missing potential stock growth if COIN shares soar. The $150.00 call represents approximately a 14% premium to the current trading price of the stock.

Analytical data suggests a 99% chance that the covered call contract would expire worthless, thereby providing the investor a 6.54% extra return if the premium were to expire, or 48.79% annualized. The actual trailing twelve month volatility is calculated to be 78%. For more options contract ideas, visit StockOptionsChannel.com.



Read more: COIN March 28th Options Begin Trading