Coinbase Glb Unusual Options Activity

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 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $575,710 and 3, calls, for a total amount of $294,795.

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 $65.0 to $100.0 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 1875.0 with a total volume of 2,904.00.

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 $65.0 to $100.0 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 TRADE BULLISH 01/17/25 $100.00 $191.4K 3.1K 100
COIN PUT SWEEP BEARISH 01/19/24 $80.00 $132.6K 4.0K 193
COIN PUT SWEEP BEARISH 11/03/23 $73.00 $99.4K 112 257
COIN PUT SWEEP BULLISH 11/17/23 $65.00 $86.8K 2.6K 902
COIN PUT TRADE NEUTRAL 11/03/23 $73.00 $85.5K 112 703

Where Is Coinbase Glb Standing Right Now?

  • With a volume of 3,619,271, the price of COIN is down -0.35% at $79.34.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 22 days.

What The Experts Say On Coinbase Glb:

  • Mizuho downgraded its action to Underperform with a price target of $27
  • Barclays has decided to maintain their Underweight rating on Coinbase Glb, which currently sits at a price target of $68.

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.

COIN Logo
COINCoinbase Global Inc
$258.3024.6%

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