$COIN DIAGONAL 261023/261009 CALL 180.0/CALL 175.0$ Covered call expiring in a week. Not much time value left. Rolling it up from strike 175 to 180 so that I gain the potential of $5 gain in stock price. The premium isnt a lot but at least its positive at $0.20.
Coinbase price is still stuck in the upper boring zone of $180-$200. Can go to one of my posts regarding the levels im watching. Nothing much to do now, just extracting as much premium as I can from this counter while waiting for it to break 200. Cant really time it as the CEO himself also couldn't time it. But the best guess is the next earnings or regulatory approval or even next owning product that will increase its economic moat, nobody knows. Can only wait and earn while waiting.
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