27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bullish stance on Coinbase Glb.
Looking at options history for Coinbase Glb (NASDAQ:COIN) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $362,722 and 12, calls, for a total amount of $978,480.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $200.0 for Coinbase Glb over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Coinbase Glb stands at 1911.47, with a total volume reaching 1,534.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Coinbase Glb, situated within the strike price corridor from $60.0 to $200.0, throughout the last 30 days.
Coinbase Glb Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COIN | CALL | TRADE | BULLISH | 01/17/25 | $130.00 | $235.3K | 262 | 0 |
| COIN | CALL | TRADE | BULLISH | 12/19/25 | $200.00 | $212.5K | 3.7K | 6 |
| COIN | CALL | TRADE | NEUTRAL | 04/19/24 | $110.00 | $113.6K | 630 | 2 |
| COIN | CALL | TRADE | BULLISH | 12/19/25 | $60.00 | $89.1K | 139 | 0 |
| COIN | CALL | TRADE | NEUTRAL | 01/16/26 | $65.00 | $87.7K | 51 | 0 |
About Coinbase Glb
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
After a thorough review of the options trading surrounding Coinbase Glb, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Coinbase Glb
- Trading volume stands at 2,892,552, with COIN's price up by 0.64%, positioned at $135.49.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 75 days.
What The Experts Say On Coinbase Glb
In the last month, 4 experts released ratings on this stock with an average target price of $87.25.
- Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Coinbase Glb with a target price of $160.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Sell rating on Coinbase Glb with a target price of $123.
- Consistent in their evaluation, an analyst from Mizuho keeps a Underperform rating on Coinbase Glb with a target price of $35.
- Consistent in their evaluation, an analyst from Mizuho keeps a Underperform rating on Coinbase Glb with a target price of $31.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coinbase Glb options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!