COIN and MARA are lower today, but boast intriguing profiles
Stocks have pulled off a massive V-shaped rally in today's trading session. While many sectors have fought their way into the black, cryptocurrency-adjacent stocks are still feeling the pain, as Bitcoin (BTC) grapples with the prospect of President Donald Trump's tariffs.
Look Out for COIN Bull Notes
Coinbase Global Inc (NASDAQ:COIN) is down 1.3% to trade at $287.43 at last check, but is still 15% higher in 2025. Even though there's been rangebound trading in the last two weeks, the shares have support in place at their 80-day moving average. Longer term, COIN sports a 121.2% year-over-year lead.
The majority of brokerages are on the sidelines, with 15 of the 23 in coverage carrying a "hold" or worse rating. With the stock's consensus 12-month price target at $300.76, an overdue round of bull notes could provide a spark.
How Options Traders Should Play MARA
MARA Holdings Inc (NASDAQ:MARA) is down 0.3% to trade at $18.28 at last check. The equity has followed the same price action as sector peer Coinbase: Consolidatory trading after an initial burst to start the year. The difference is MARA is now below its year-over-year breakeven level.
Regardless of direction, options are an attractive route. The equity's Schaeffer's Volatility Index (SVI) of 85% ranks in the 8th percentile of the last 12 months. What's more, the security's Schaeffer's Volatility Scorecard (SVS) sits at 3 out of 100, making it a prime premium-selling candidate.
