Coinbase Global (COIN), the crypto brokerage firm, reported on Feb. 15 that adjusted operating cash flow for Q4 was over 32% of revenue. This huge margin implies that COIN stock could be worth substantially more if this keeps up. Moreover, its put options premiums are very high. This is good for investors who sell them short as an income play. This article will describe these points.
COIN stock is trading for about $183 up 10% in morning trading on Monday, Feb. 26. The stock is up about 7% as well since the results were released. What is going on here? It seems that investors are re-evaluating the upside potential in COIN stock.
