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Coinbase ripped roughly 11% while the rest of the market sold off, and Mike Butler walks through putting on a bullish trade into that strength without buying the top outright. He builds a 30 point wide crab trade: long a November call, short two nearer strikes and long one further out in October, structured so the defined risk and the reduced cost basis do the work rather than a naked directional bet. šŸ“Š tastylive: tastylive.com šŸ“° Get Tom's pre-market analysis every morning: tastylive.com/newsletters šŸ“˜ FREE Options Strategy Guide: tinyurl.com/bp9ms763 šŸ“± Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Coinbase is ripping higher 00:41 Reading the near term range 01:21 The bullish crab setup 01:38 Reaching past earnings for the call 02:38 Selling the October shorts 02:55 The flow narrative behind it 03:46 Why the timing looks promising 04:15 Reducing the cost basis 05:01 Four ways to defend it 06:41 Rolling into the earnings cycle 07...

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