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-0.000460011828875742 -0.000762305316422513 -0.000854307682197512 -0.00407439048432677 -0.0142603666951437 -0.0127488992574096 -0.0195833607149899 -0.0195833607149899
Stock impact report

How Coinbase Fans Got Stuck On CONY Island, And How To Play Defense [Seeking Alpha]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Seeking Alpha
Covered call ETFs are engineered to capture 80-85% of upside or downside but cannot shield investors from significant price drops in the underlying asset. Reverse splits in CONY and similar ETFs were likely triggered by 90%+ value losses, aiming to prevent shares from approaching zero and maintain investor engagement. Total return erosion and capital distribution risks are inherent in high-yield covered call ETFs, especially during severe drawdowns in volatile underlying stocks. This idea was discussed in more depth with members of my private investing community, Sungarden Investors Club. Learn More » MoonshineNY/iStock via Getty Images Yes, it's been a roller coaster for Coinbase ( COIN ) shareholders. But they probably expected it. Crypto investing has its ups and downs. However, this article is about the collateral damage from investing in a covered call More on my IG service SUNGARDEN'S INVESTING GROUP AT SEEKING ALPHA By Rob Isbitts Would our club help you? Show less Read more
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