BnxaExtraordinary day in the markets today with wild swings .Something like a 700-800 point range for the Nasdaq which did an outside reversal .Gold markets did the opposite being up 50$ an ounce early on before ending down 20$ an ounce or more.
Coin,bnxa and cryptos followed the Nasdaq.
This evening for those that are interested Coin reported its final quarter and annual financial details after the market closed.Thier letter to shareholders is worth a read as it gives thier evaluation of what will happen going forward in terms of revenues ,etc in the next quarter and beyond based on what is happening to the Cryptos .Makes interesting reading for anyone who is investing in this space .
I bought back my Coin calls early on and then sold them again later for a quick short term profit using the covered call strategy .After market Coin share price has declined a bit due to their forward predictions.Coin has something like 7.5 billion in liquidity to see them through the volatility which is a fact of life in this space.