Rethinking CONY As Coinbase Rallies - Tactical Use, Not Income Plan

Description

Summary Coinbase's recent momentum, Deribit acquisition, and regulatory clarity have strengthened its outlook, supporting a bullish-to-cautiously-bullish stance on the stock. CONY's option income strategy consistently underperforms in flat or rallying markets, offering limited downside protection and capping upside potential. Tactically, CONY suits investors seeking cautious exposure to Coinbase or opportunistic short-term income, but direct COIN ownership offers higher potential returns. Given ...