I looked at COIN earnings through the year and how the stock reacted, on average there was a decrease of 9-10%. COIN earnings come out market close. I think im gonna load up on puts. Any opinions?
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No but now ima load up on calls.
Holding $62p with 11/4 expiry, you’re right but I think I’ll sell right before close though, IV is insane at the moment
I bought a few puts after reading this post and doing my own DD, Coin is down over 2$ since i bought the puts 🙂
This one is kind of a toss up. Everyone is expecting it to drop further from crypto winter but they’re getting more of their overall revenue from interest now that it’s rising. Plus, they are expanding out quite a bit even during the winter.
Agree puts are the play, I’m heavy into $50 puts expiring 11/11. If you look at Robinhood’s earnings from yesterday, their crypto growth was awful. No one is trading crypto when it’s flat to down the past quarter. Short is the way to play it here.
What did I say. Unpredictable, do not play those earnings atm. look at bloc, wtf…
Everybody’s expecting it to drop. Idk, might even surprise some. No idea. GL
I think they will beat revenue numbers. Looks like they processed quite a few more transactions in Q3 than Q2. They are taking over the crypto market (Some claim that COIN handles around 70% of crypto transactions now (Edit: In the US)). Even though crypto pricing is down, I can see them beating expected revenue of $640M and posting $700-740M. With that said, they are still burning cash and I don’t see how they will get back up to $8B in revenue until crypto prices increase. I think the stock will go up the next couple days, only to fall even lower within a month.
last time there was a huge short squeeze.
I hope no one bought puts. lol
Buy calls tomorrow
I held my 11/4 56 and I’m thinking ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4270)
I have 11/4 56p I think I’m a little fucked here
Who got fucked?
Buy sunrun…