Coinbase Global (COIN) stock is up 68% since Feb. 23, as Bitcoin has soared 37%. As Bitcoin’s (BTC-USD) halving date of April 17 approaches COIN stock is likely to keep rising with Bitcoin. This has hiked COIN’s put option premiums and makes them very attractive for short-put plays. Bitcoin is set to reduce the number of BTC coins by half that Bitcoin miners can make with each successful hashing attempt. Typically this occurs every four years and analysts expect that the next date this will occur is on April 17. Since miners will have to use new updated ASIC servers and due to the lower number…
