Options Corner: Turn Coinbase’s Volatility Into Opportunity With Long Iron Condors
Cryptocurrency exchange and financial technology firm Coinbase Global Inc (NASDAQ:COIN) offers a compelling mechanism to wager on digital assets without dealing with the unusual pitfalls of crypto investing. These hazards include discarded hardware, forgotten passwords or even technical gremlins. Still, with Coinbase stock having virtually doubled in value this year, some skepticism may exist regarding its immediate forward viability.
Looking at the charts, Coinbase blitzed higher following the election results. Since then, however, the security has entered a sideways consolidation pattern. It’s possible that it could swing higher from here. However, such a bullish development may depend on the underlying crypto ecosystem. With the total market capitalization of all digital assets above $3.6 trillion, a healthy correction wouldn’t be unexpected.
Conclusion? It’s honestly a guessing game where Coinbase stock may head next. Fortunately, with an options strategy called the long iron condor, the focus is on volatility or price movement rather than the ultimate direction of the security.
Also Read: EXCLUSIVE: Experts Share Their Top Crypto Predictions For 2025
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