Richlevy - yes, you can set your own traps here. We regularly set ours in the summer about 4 hours North of town. The crabs we're having tonight were commercially caught out of our area - much further North than we would go. We bought them for $6.00 a pound, which came out to $85.00 for the two we got. They are golden king crab, but the ones we get locally are reds. King crab gets a bit redder as it cooks, but it doesn't change color as much as the dungees that go from purplish brown to bright screeching orange when cooked.
Here's a pic of my nephew with a red king - you can definitely tell the difference between them and the goldens.