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How to NOT trade $COIN options
Kicking myself: sold my $COIN calls at a loss and I'd planned to roll them into new calls last week but didn't have time.
Probably a lesson to be learned here because I feel like $COIN is very undervalued, I wish I'd stuck to my guns.
With the NFT Announcement, I feel even higher conviction: They've already had ~1.5M waitlist signups! (Opensea has ~10% of that, and look at their volume!).
I also think earnings could be a big beat after another crypto-fueled quarter. (TBH, I don't really get all the "fee/multiple compression", given how large potential market is)
BTIG increased it's price target to $500:
A famous oil investor/business man once said: "Fool me once, shame on...shame on you. Fool me—you can't get fooled again"
Hope he was right!
X (formerly Twitter)
Kate Rooney (@Kr00ney) on X
BTIG w/ a bullish note on Coinbase #NFT announcement
Reiterates $500 PT after NFT marketplace waitlist attracts more than 1.35M signups, shows "promise of new, higher margin revenue stream as part of accelerating diversification effort" $COIN
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