$Coinbase Global, Inc.(COIN)$

$Coinbase Global, Inc.(COIN)$ i'm stuck bagholding a massive coin position too with an avg basis of 153. it's currently ~40% of my brokerage and i was hoping to get out quickly for a profit in the 160s but woke up to a -10% candle before I could exit. now i'm trapped. i don't really see much in the way of positive catalysts plus you've got the IV crush happening that the ETF news is out. i'm really conflicted on whether I should take the loss or hold it out for a shorter term reversal, but I can't afford to baghold this position very long.

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Comments

Bonta
01-12
Bonta
Feb $155 calls can net u ard $5.6 per contract assuming u have equivalent number of coin base shares. This will reducd ur cost basis to <$150
DAMIEN
01-12
DAMIEN
terrible allocation with 40% in the first place. nonetheless u should diversify in the future. remember~ only allocate a position only if your able to withstand the volatility of the stock. i personally only hold 3-5%. i am going to buy more after this mess.
Bonta
01-12
Bonta
Sell covered calls above ur average cost. 155 calls. If u get assigned, u are out. If u dun get assigned ur losses are being reduced

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here!","image":"https://static.tigerbbs.com/09d268d2d1fb9f45eacf5430006f3845"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p> <a data-mention-id=\"COIN\" class=\"teditor-mention\" data-mention-name=\"Coinbase Global, Inc.\" href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <v-v data-views=\"0\"></v-v>i'm stuck bagholding a massive coin position too with an avg basis of 153. it's currently ~40% of my brokerage and i was hoping to get out quickly for a profit in the 160s but woke up to a -10% candle before I could exit. now i'm trapped. i don't really see much in the way of positive catalysts plus you've got the IV crush happening  that the ETF news is out. i'm really conflicted on whether I should take the loss or hold it out for a shorter term reversal, but I can't afford to baghold this position very long.</p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"COIN\" class=\"teditor-mention\" 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