CONY: Riding Coinbase's Stablecoin-Led Upside With Dividends
Summary
- The YieldMax options strategy is based on CONY's performance being heavily tied to Coinbase.
- In this way, income seekers can potentially benefit from mouthwatering dividend yields.
- While there are risks in case Coinbase becomes volatile or spikes too fast, this thesis aims to identify an opportunity made possible by stablecoins.
- This opportunity is based on the crypto company's stock appreciating gradually while being volatile.
- It is important to avoid a buy-and-hold strategy and monitor total returns to exit one's position after the investment aim has been achieved.
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This is an investment thesis and is intended for informational purposes. Investors are kindly requested to do additional research before investing.
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