Established Covered Call in Coinbase Global Inc.

This afternoon I established a short-term Covered Call position in Coinbase Global Inc. (ticker COIN).  Coinbase is the leading cryptocurrency exchange platform in the U.S. for both retail and institutional clients.  My net buy/write limit order at $304.66 was executed by simultaneously purchasing one hundred shares at $337.30 and selling one October 24th, 2025 weekly Call option at the $310.00 strike price at $32.64 per share, which provides a $5.34 per share = [$32.64 Call option premium received - ($337.30 stock purchase price - $310.00 option strike price)] maximum time value profit potential.  A moderately in-the-money Covered Call position was established and the probability that these shares will close in-the-money on the options expiration date was 75.4%.  The next quarterly earnings report on November 5th, 2025 is after the October 24th options expiration date.

As detailed below, a potential return-on-investment result is +1.8% absolute return-on-investment (equivalent to +71.0% annualized return-on-investment for the next 9 days) if the Coinbase Global Inc. share price is in-the-money (i.e. above the $310.00 strike price) and therefore assigned on its October 24th, 2025 options expiration date.  

Coinbase Global Inc. (COIN) -- New Covered Call Position

Today's buy/write net limit order transaction was as follows:
10/15/2025 Bought 100 Coinbase Global Inc. shares at $337.30.

10/15/2025 Sold 1 COIN 10/24/2025 $310.00 Call option @ $32.64 per share.  Coinbase has volatile price moves, so the Implied Volatility of this Call option was very high at 74.5% when this position was established.  

A possible overall performance result (including commissions) for this Coinbase Global Inc. Covered Call position is as follows:
Covered Calls Net Investment: $30,466.67
= ($337.30 - $32.64) * 100 shares + $.67 commission

Net Profit:
(a) Option Income: +$3,263.33
= ($32.64 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 100 Coinbase shares assigned at the $310.00 strike price at expiration): -$2,730.00

+($310.00 strike price - $337.30 stock purchase price) * 100 shares

Total Net Profit Potential (If 100 COIN shares are in-the-money and therefore assigned at the $315.00 strike price at the options expiration date): +$533.33
= (+$3,263.33 option income + $0.00 dividend income - $2,730.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.8%
= +$533.33/$30,466.67
Potential Annualized Return-on-Investment: +71.0%
= (+$533.33/$30,466.67) * (365/9 days)