What the Options Market Tells Us About Coinbase Glb

Investors with a lot of money to spend have taken a bullish stance on Coinbase Glb 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 11 uncommon options trades for Coinbase Glb.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $269,284, and 6 are calls, for a total amount of $520,150.

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 $72.0 to $175.0 for Coinbase Glb over the last 3 months.

Insights into 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 $72.0 to $175.0, over the past month.

Coinbase Glb Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Where Is Coinbase Glb Standing Right Now?

• With a trading volume of 525,861, the price of COIN is up by 1.28%, reaching $139.78.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 70 days from now.

Expert Opinions on Coinbase Glb

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $106.0.

• An analyst from Needham has decided to maintain their Buy rating on Coinbase Glb, which currently sits at a price target of $160.
• An analyst from Goldman Sachs has decided to maintain their Sell rating on Coinbase Glb, which currently sits at a price target of $123.
• An analyst from Mizuho has decided to maintain their Underperform rating on Coinbase Glb, which currently sits at a price target of $35.

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.