Bob Lang, Explosive Options founder and chief options analyst, joins 'Power Lunch' to discuss if the crypto rally will continue.

Bitcoin has recently reached a record high, drawing significant attention from investors. Bob Lang, founder and chief options analyst at Explosive Options, suggests that there is potential for bitcoin to continue its upward momentum toward the end of the year. Lang recommends coinbase as a way to gain exposure to bitcoin, noting that the stock has recently pulled back and may present a buying opportunity. He outlines a strategy involving December call options on coinbase, which could benefit from both the company's earnings announcement and further gains in bitcoin. Lang emphasizes the importance of risk management, suggesting adjustments to the position if substantial gains are realized before the end of the year.

Bitcoin has chance to run much higher into year end

All right, welcome back. It's time for the market navigator. Although some crypto stocks are pulling back today They have been on an absolute tear in recent months with Bitcoin hitting a record high on Monday now if you've been on the fence our next guest says now is the time to jump in to the crypto game and He's here to tell us how to play it either directly or indirectly joining us now is Bob Lang He's the founder and chief options analyst at explosive options Bob The Bitcoin trained has caught a lot of attention because of those record highs But would you be using Bitcoin itself to take that view of higher crypto or some other trade Great to see you again Dom. So I I really like coinbase right here Dom And I think that bitcoins got a really good chance to run much higher into the end of the year there's been a lot of Enthusiasm a lot of bullish sentiment coming into Bitcoin and the best vehicle to use to take advantage of Bitcoin If other than ETFs is probably coinbase and you know coinbase has come off of a recent high and it's pulled back a little bit I think this is a good opportunity to buy the dip All right So if you're gonna buy the dip with coinbase It's easy enough to mechanically just go and buy the shares of coinbase You often look at some option strategies because they are more at least risk manageable around some of your kind of profit and loss Expectations. What exactly would you do strategy wise to express that view on coinbase? Well, I want to go with a straight call play here on Dom and I normally I might take a look at spreading the trade But in this particular case, I'm looking to go out to about December the 430 call which is about 50 bucks above the current price of of coinbase This is about 8 to 9 percent of the price of the stock. Now. Why am I going out to December? I'm looking out to December because this includes an earnings play Period as well to at the end of October with earnings Move is expected to be about 68 to 70 dollars for coinbase And if that stock moves at least that much to the upside we're gonna go through those old highs and this option trade is going to be pretty profitable that Option the 430 call is trading at about 31 to 31 dollars right now It's about a 40 Delta Which means it's about a 40% chance of the stock getting to that strike and maybe above it by the December expiration So giving us about two and a half months time to let it let it work We're not in such a big rush. And of course, we have that earnings play to to work through it All right. So if the earnings is a potential catalyst even the fundamentals of cryptocurrencies and they're trading a Catalyst as well. Are you comfortable just letting this ride all the way through that or would you risk management between? Risk management between now and the end of the year Well, I'm always looking to manage risk as you know Dom So yes I would probably manage the risk if the stock gets a good pop after earnings or maybe Possibly a good pop if Bitcoin takes off, you know Don't forget last couple of months Bitcoin has been on a roll and went up from about a hundred and twelve thousand up to About a hundred and twenty five to new all-time highs Coinbase right right along with it So I I think that managing that risk is really paramount if we get up to about, you know 40-50% gain on that thing I'm going to sell some upside calls against against the call or possibly just roll it up and keep running Momentum and this stock is extremely strong When a stock is going up and the bullish to the upside and they this calls can can really move. All right

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