Investors with a lot of money to spend have taken a bearish stance on Coinbase Glb (NASDAQ:COIN).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COIN, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Coinbase Glb.

This isn't normal.

The overall sentiment of these big-money traders is split between 11% bullish and 33%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $663,975, and 5 are calls, for a total amount of $530,321.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $520.0 for Coinbase Glb during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Coinbase Glb stands at 368.5, with a total volume reaching 472.00. 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 $150.0 to $520.0, throughout the last 30 days.

Coinbase Glb Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Coinbase Glb

In light of the recent options history for Coinbase Glb, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Coinbase Glb

• Trading volume stands at 1,452,776, with COIN's price up by 1.08%, positioned at $203.09.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 80 days.

Expert Opinions on Coinbase Glb

5 market experts have recently issued ratings for this stock, with a consensus target price of $255.4.

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.