A Closer Look at Coinbase Glb's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on Coinbase Glb.

Looking at options history for Coinbase Glb COIN we detected 27 trades.

If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $277,886 and 21, calls, for a total amount of $1,196,722.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $510.0 for Coinbase Glb, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coinbase Glb's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coinbase Glb's significant trades, within a strike price range of $100.0 to $510.0, over the past month.

Coinbase Glb Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
COIN CALL SWEEP BULLISH 06/07/24 $3.4 $3.2 $3.25 $260.00 $124.6K 4.3K 2.7K
COIN CALL SWEEP BULLISH 06/07/24 $2.95 $2.65 $2.9 $260.00 $114.2K 4.3K 8.5K
COIN CALL TRADE NEUTRAL 06/14/24 $83.9 $80.7 $82.32 $175.00 $82.3K 114 10
COIN CALL TRADE BULLISH 01/17/25 $161.35 $160.45 $161.35 $100.00 $80.6K 2.7K 15
COIN PUT SWEEP BULLISH 03/21/25 $39.8 $39.45 $39.45 $210.00 $71.0K 188 54

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.

Where Is Coinbase Glb Standing Right Now?

  • With a trading volume of 2,436,151, the price of COIN is up by 1.39%, reaching $254.9.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 56 days from now.

What The Experts Say On Coinbase Glb

2 market experts have recently issued ratings for this stock, with a consensus target price of $238.5.

  • In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $260.
  • In a positive move, an analyst from B of A Securities has upgraded their rating to Neutral and adjusted the price target to $217.

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.

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Posted In: OptionsMarketsBZI-UOA
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