Here's How This Investor Is Using Options To Boost Her Coinbase Position

Requisite Capital Management's Bryn Talkington owns Coinbase Global Inc COIN stock and would buy it at its current level, she said Monday on CNBC's "Fast Money Halftime Report."

The company recently announced plans to add $500 million in cryptocurrency to its balance sheet, Talkington said.

Going forward, Coinbase said it will put 10% of its profits into crypto per quarter, which would be about $160 million per quarter based on its most recent quarterly results, she added: "I think it's a great stock to own."

See Also: What 18 Analyst Ratings Have To Say About Coinbase Global

For investors buying the stock at current levels, Talkington recommends selling the $290 strike January expiration calls against the position.

"You can bring in about $23 of premium while you're waiting because it is a volatile name."

COIN Price Action: Coinbase has traded as high as $429.54 and as low as $208 since it went public on April 14.

At last check Monday, the stock was flat at $257.29.

Photo: courtesy of Coinbase.