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 26 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $2,223,056 and 16, calls, for a total amount of $830,472.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $210.0 for Coinbase Glb over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Coinbase Glb's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coinbase Glb's whale trades within a strike price range from $70.0 to $210.0 in the last 30 days.
Coinbase Glb 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COIN | PUT | TRADE | NEUTRAL | 06/21/24 | $160.00 | $1.0M | 368 | 303 |
| COIN | PUT | TRADE | BULLISH | 04/19/24 | $160.00 | $846.0K | 140 | 309 |
| COIN | CALL | SWEEP | BULLISH | 01/17/25 | $200.00 | $140.7K | 2.9K | 70 |
| COIN | PUT | SWEEP | BEARISH | 01/12/24 | $165.00 | $91.0K | 707 | 3 |
| COIN | CALL | TRADE | BULLISH | 03/15/24 | $210.00 | $86.0K | 1.4K | 301 |
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.
Coinbase Glb's Current Market Status
- With a trading volume of 9,211,387, the price of COIN is up by 4.44%, reaching $159.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 47 days from now.
Professional Analyst Ratings for Coinbase Glb
3 market experts have recently issued ratings for this stock, with a consensus target price of $125.66666666666667.
- An analyst from Goldman Sachs has decided to maintain their Sell rating on Coinbase Glb, which currently sits at a price target of $123.
- Maintaining their stance, an analyst from Mizuho continues to hold a Underperform rating for Coinbase Glb, targeting a price of $54.
- An analyst from JMP Securities has decided to maintain their Market Outperform rating on Coinbase Glb, which currently sits at a price target of $200.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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