That assumes Coinbase stock sits above 340 at expiration. The maximum loss occurs if Coinbase stock closes below 330 on Aug. 15. In that case, the premium seller loses $765 on the trade.

Dogecoin (DOGE) is a crypto asset born in 2013 based on a meme. Wondering how to buy or sell Dogecoin on Coinbase or Coinbase Pro? Here’s how.