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Barchart
Barchart
Gavin McMaster

This Option Trade on Coinbase Stock Has a Profit Zone Between $225 and $290

COIN Coinbase Bitcoin

The price of Coinbase (COIN) stock has pulled back in recent weeks, with $240 and $260 looking like potential levels of support.

When a quality company has a minor pullback like this, I like to use a strategy called a diagonal put spread.

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