Crash Protection For Coinbase

A Coinbase employee takes a selfie in front of the Nasdaq Market Site in Times Square during the company's IPO on Wednesday. Photo by John Angelillo/UPI.

Options Start Trading On Coinbase

Options started trading on Coinbase (COIN) on Tuesday, so longs can now hedge their shares in the crypto platform. We've posted a couple of hedges for the company below, in the event, Anatoly Karlin's prediction of a crypto crash this year comes to pass.

Before we get to those, let's clear up a bit of misconception about the company's IPO last week. 

No, Insiders Didn't Dump Most Of Their Shares

One misconception about the Coinbase IPO last week is that insiders dumped most of their shares. That was exemplified by tweets such as the one below, by Peter Schiff. 

First a bit of context regarding Schiff: he runs a gold company, and lamented last month that his son had gone all-in on bitcoin. 

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Disclaimer: The Portfolio Armor system is a potentially useful tool but like all tools, it is not designed to replace the services of a licensed financial advisor or your own independent ...

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