Coin overheated, correction due

Coin has been on an absolute tear lately. I got into the stock around 40$ spot earlier this year and held the entire time. I am expecting a decent pullback here at this important fib level. 205$ would mark a full retracement from the march 2022 swing high. I expect a pullback at least to 140-160$ region since the stock is up 444% this year. I wont be shorting this likely pullback, but defensive puts might help a long investor make some passive income, or provide protection. Selling calls could be a good strategy too here.