$COIN Bear Put Spread — Cost $430, Max Profit $570 by Apr 17, 2026-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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$COIN Bear Put Spread — Cost $430, Max Profit $570 by Apr 17, 2026

DailyOptions999
04-10 20:13

📊 Strategy Overview

Type: Bear Put Spread (debit spread)
Market View: Moderately bearish with elevated volatility risk

📃 Contracts

Buy to Open 1x $170 Put (2026-04-17 expiration) @ $7.60
Sell to Open 1x $160 Put (2026-04-17 expiration) @ $3.30

💰 Financials

Net Debit: $4.30/share ($430 per spread)
Max Profit: $570 (Spread Width $10 − Debit $4.30) × 100
Max Loss: $430 (equal to net debit)
Break-even Price: $165.70 ($170 − Net Debit $4.30)

🧠 Thesis

Bearish on $COIN into April 17 expiration, expecting a move toward mid-$160s. Elevated IV (88.8th percentile) makes defined-risk spreads attractive for balancing directional delta and controlled Vega exposure. Happy to profit if $COIN closes below $165.70, while keeping risk capped at $430 if the stock rebounds.

📌 Execution Notes

Greeks Consideration:
- Delta ≈ −0.21 → Moderate downside sensitivity
- Vega ≈ +0.014 → Modest benefit from IV expansion
- Theta ≈ −0.05/day → Limited time decay impact

⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.

📊 $COIN Bear Put Spread 04/17 Buy $170P|Sell $160P Cost:$430|Max:$570|Loss:$430 BE:$165.70 Bearish, high IV ⚠️ NFA·DYOR

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Elevated IV (88.8th percentile) makes defined-risk spreads attractive for balancing directional delta and controlled Vega exposure. Happy to profit if $COIN closes below $165.70, while keeping risk capped at $430 if the stock rebounds.</p>\n<h3 id=\"id_1356535276\">📌 Execution Notes</h3>\n<ul style=\"\">\n <li>\n  <p><strong>Greeks Consideration</strong>:</p>\n  <ul style=\"\">\n   <li>\n    <p>Delta ≈ −0.21 → Moderate downside sensitivity</p></li>\n   <li>\n    <p>Vega ≈ +0.014 → Modest benefit from IV expansion</p></li>\n   <li>\n    <p>Theta ≈ −0.05/day → Limited time decay impact</p></li>\n  </ul></li>\n</ul>\n<p>⚠️ <strong>Disclaimer</strong>: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.</p>\n<p>📊 $COIN Bear Put Spread 04/17 Buy $170P|Sell $160P Cost:$430|Max:$570|Loss:$430 BE:$165.70 Bearish, high IV ⚠️ NFA·DYOR</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5ba5d53e5a75049fcba7fbcb24466b39\" tg-width=\"1376\" tg-height=\"768\"></p>\n<h3 id=\"id_1373011073\">📊 Strategy Overview</h3>\n<ul style=\"\">\n <li>\n  <p><strong>Type</strong>: Bear Put Spread (debit spread)</p></li>\n <li>\n  <p><strong>Market View</strong>: Moderately bearish with elevated volatility risk</p></li>\n</ul>\n<h3 id=\"id_2031101823\">📃 Contracts</h3>\n<ul style=\"\">\n <li>\n  <p>Buy to Open 1x $170 Put (2026-04-17 expiration) @ $7.60</p></li>\n <li>\n  <p>Sell to Open 1x $160 Put (2026-04-17 expiration) @ $3.30</p></li>\n</ul>\n<h3 id=\"id_2073423193\">💰 Financials</h3>\n<ul style=\"\">\n <li>\n  <p><strong>Net Debit</strong>: $4.30/share ($430 per spread)</p></li>\n <li>\n  <p><strong>Max Profit</strong>: $570 (Spread Width $10 − Debit $4.30) × 100</p></li>\n <li>\n  <p><strong>Max Loss</strong>: $430 (equal to net debit)</p></li>\n <li>\n  <p><strong>Break-even Price</strong>: $165.70 ($170 − Net Debit $4.30)</p></li>\n</ul>\n<h3 id=\"id_1033434485\">🧠 Thesis</h3>\n<p>Bearish on $COIN into April 17 expiration, expecting a move toward mid-$160s. Elevated IV (88.8th percentile) makes defined-risk spreads attractive for balancing directional delta and controlled Vega exposure. Happy to profit if $COIN closes below $165.70, while keeping risk capped at $430 if the stock rebounds.</p>\n<h3 id=\"id_1356535276\">📌 Execution Notes</h3>\n<ul style=\"\">\n <li>\n  <p><strong>Greeks Consideration</strong>:</p>\n  <ul style=\"\">\n   <li>\n    <p>Delta ≈ −0.21 → Moderate downside sensitivity</p></li>\n   <li>\n    <p>Vega ≈ +0.014 → Modest benefit from IV expansion</p></li>\n   <li>\n    <p>Theta ≈ −0.05/day → Limited time decay impact</p></li>\n  </ul></li>\n</ul>\n<p>⚠️ <strong>Disclaimer</strong>: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.</p>\n<p>📊 $COIN Bear Put Spread 04/17 Buy $170P|Sell $160P Cost:$430|Max:$570|Loss:$430 BE:$165.70 Bearish, high IV ⚠️ NFA·DYOR</p></body></html>","text":"📊 Strategy Overview Type: Bear Put Spread (debit spread) Market View: Moderately bearish with elevated volatility risk 📃 Contracts Buy to Open 1x $170 Put (2026-04-17 expiration) @ $7.60 Sell to Open 1x $160 Put (2026-04-17 expiration) @ $3.30 💰 Financials Net Debit: $4.30/share ($430 per spread) Max Profit: $570 (Spread Width $10 − Debit $4.30) × 100 Max Loss: $430 (equal to net debit) Break-even Price: $165.70 ($170 − Net Debit $4.30) 🧠 Thesis Bearish on $COIN into April 17 expiration, expecting a move toward mid-$160s. Elevated IV (88.8th percentile) makes defined-risk spreads attractive for balancing directional delta and controlled Vega exposure. 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