Hi everyone, just need a bit of reassurance or a reality check before I make this play.
Thinking of a straddle on coinbase for earnings but the break even prices would mean COIN would need to move greater than 6% either direction for me to profit. Based on historical volatility on earnings day, COIN, on average, closes 8% up or down.
I’m thinking of making the play, but it costs 2500 which is a lot of money for me (I have around 85k).
Are there things I should consider that I haven’t?