Author: Doug PlessProfessional Trader & SpotGamma Content Contributor Case Study: A Winning Trade in Coinbase (COIN) with Doug Pless In this detailed case study, Doug Pless shares how he used SpotGamma tools to find and plan a swing trade on Coinbase between May 28th and June 12th, 2024. During planning, Doug scans for potential candidates […]
COIN
HIRO In Action: COIN
Today we noted strong call buying to start the day in COIN (Coinbase). This call buying is shown below, in orange, in the form of estimated hedging impact. The hedging impact, or HIRO signal, is tied to the right Y axis. The signal suggests that as traders buy calls, market makers are likely selling those […]
Gamma Squeezes + Crypto Crashes Double Whammy
Coinbase is down -45% since its IPO (COIN), and along with that the price of Bitcoin and other cryptocurrencies has been horrible. Bitcoin alone is down 42% – but that is actually outpaced by popular crypto related stocks like: MARA (-52%), RIOT (-57%). Its fascinating to note the COIN IPO (4/14/21) market the ~$64k Bitcoin […]
