SHORT COIN/ BUY 12/1/23 P120
The biggest moves off of GDP tomorrow will be in risk assets especially crypto as its a hybrid of a currency and a growth stock in a way. COIN is even more historically stretched today so we will double down with deeply discounted weekly puts. The stock has rallied uninterrupted from 90 to 128 which makes it ripe for a violent sell-off. 2 Stars Trade last hour.
Making an even stronger case is the heavy resistance at 128 on stocks to trade.
