A whale with a lot of money to spend has taken a noticeably bearish stance on Coinbase Glb.
Looking at options history for Coinbase Glb COIN we detected 31 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $801,981 and 15, calls, for a total amount of $1,463,579.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $190.0 for Coinbase Glb over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Coinbase Glb options trades today is 3109.46 with a total volume of 44,405.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coinbase Glb's big money trades within a strike price range of $40.0 to $190.0 over the last 30 days.
Coinbase Glb Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COIN | CALL | SWEEP | BULLISH | 04/21/23 | $80.00 | $678.3K | 3.9K | 2.4K |
| COIN | PUT | TRADE | BEARISH | 03/17/23 | $72.00 | $216.0K | 116 | 1.1K |
| COIN | CALL | SWEEP | BULLISH | 06/16/23 | $50.00 | $118.2K | 2.0K | 496 |
| COIN | CALL | TRADE | BEARISH | 03/17/23 | $60.00 | $108.5K | 13.4K | 163 |
| COIN | CALL | SWEEP | BEARISH | 03/17/23 | $40.00 | $94.4K | 1.9K | 39 |
Where Is Coinbase Glb Standing Right Now?
- With a volume of 12,309,168, the price of COIN is up 6.06% at $71.89.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 53 days.
What The Experts Say On Coinbase Glb:
- DA Davidson downgraded its action to Neutral with a price target of $60
- Needham downgraded its action to Buy with a price target of $73
- Piper Sandler has decided to maintain their Overweight rating on Coinbase Glb, which currently sits at a price target of $70.
- Barclays has decided to maintain their Equal-Weight rating on Coinbase Glb, which currently sits at a price target of $63.
- Compass Point upgraded its action to Buy with a price target of $100
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Coinbase Glb, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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