Sorry, missed this post. No, I typically go long by shorting puts (sell puts to open). In this case, the volatility was in the mid 30's overall and much higher for COIN, so I was able to go way down the chain to get my target profit with lower risk.  I like to sell 15 to 20 delta puts with 45 days to expiration. When vol explodes the 15 to 20 delta range is usually a lot further out of the money.