Options Trade Proposed to Profit from Coinbase Staying Above $220 Through Mid-April

Article discusses a potential bull put spread options trade on Coinbase (COIN) stock to benefit from it staying above $220 through mid-April.

Strategy aims to generate $120 premium for a potential 31% return in about 3 weeks if COIN remains above $220.

Maximum risk for the proposed trade is $380 if COIN closes below $215 on April 19 expiration date.

Recommended stop loss is $120, equal to the amount of premium received, to avoid large losses.

Article states Coinbase has strong ratings for its industry group - Composite Rating of 99, EPS Rating of 76, and Relative Strength Rating of 99.