[Coinbase's financial report plummets, these three options strategies respond perfectly]

Coinbase reported its Q2 results after the market closed last Thursday, with an EPS of only 0.12, far below market expectations. The next day, the stock price plummeted by over 16% with a large bearish candlestick, giving back nearly a month's gains. Spot shareholders are hurting, but for options traders who positioned themselves early, this wave is an opportunity.

📌 First Move: Buy Short-term Put
The day before the earnings report, the weekly Options IV soared to 145, which seemed expensive, but the market only priced in a 6% volatility, resulting in an actual drop of nearly 17%. Buying the 330 Put that expires on the same day saw an intraday increase of over 3 times, capturing an unexpectedly favorable market.

📌 Second Strategy: Bear Put Spread
Buy 340 Put while selling 300 Put to lower costs and control risks. As long as the stock price approaches the middle of the range downwards, steady profits can be obtained, suitable for conservative investors who are not greedy.

📌 Third Strategy: High IV Construct Risk-Reversal
Sell 380 Call and exchange for buying 320 Put's "zero-cost protection"; if the direction is correct, it results in a net profit, and if the direction is wrong, the loss is also controllable. This is a preferred offensive + defensive integrated structure for many traders.
Currently, implied volatility is still high, suitable for taking profit by reducing positions or rolling over to adjust new positions, waiting for the next round of volatility events.

👉 Which strategy are you more accustomed to using for betting on earnings reports? Let's chat in the comments, and feel free to hit follow. #CoinbaseExchange.