High Volatility For Coinbase Stock Earnings Offers Opportunity For Iron Condor Traders

[The Option Specialist]( 11/15/2021 | [View in browser]( --------------------------------------------------------------- [High Volatility For Coinbase Stock Earnings Offers Opportunity For Iron Condor Traders]( Cryptocurrency related stocks have been moving strongly for weeks and Coinbase (COIN) along with them. With earnings on Coinbase stock coming after the close today, here's an iron condor option trade that takes advantage of the higher implied volatility right now. Coinbase stock is showing elevated implied volatility with an IV Percentile reading of 96% and an IV Rank of 71. That means the current level of implied volatility is higher than most other readings in the past twelve months. In part, that is because earnings are due to report after the close today. Traders that think COIN stock won't move much following the earnings announcement, could look at an iron condor trade. Iron condors are a strategy that are best placed when implied volatility is high as you are selling premium. When volatility is high, the iron condor can be placed further out-of-the-money giving the trade a higher chance at success. The idea with the trade is to profit from time decay while expecting that the stock will not move too much in either direction. As a reminder, an iron condor is a combination of a bull put spread and a bear call spread. Here's how you could set it up with COIN stock. [More...]( SPONSORED CONTENT [Options Trading System With A 94.8% Win-Rate On Last 727 Trades]( The key to being consistently profitable as a trader is to focus on high-probability trades. And in this powerful eBook by Dave Acquino, titled The Ultimate Income Trading System, you'll see exactly how Dave and so many of his students do just that. They make 4%, 5% or 6% on each trade and they're in the trade for just 11 hours. 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