RandyHall
01-12

$Coinbase Global, Inc.(COIN)$ 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

  • Top
  • Latest
  • Bonta
    ·01-12
    TOP
    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
    Reply
    Report
  • DAMIEN
    ·01-12
    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.
    Reply
    Report
  • Bonta
    ·01-12
    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
    Reply
    Report