This Is What Whales Are Betting On Coinbase Glb

High-rolling investors have positioned themselves bullish on Coinbase Glb COIN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in COIN often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for Coinbase Glb. This is not a typical pattern.

The sentiment among these major traders is split, with 90% bullish and 10% bearish. Among all the options we identified, there was one put, amounting to $38,940, and 9 calls, totaling $489,140.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $180.0 for Coinbase Glb during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb's substantial trades, within a strike price spectrum from $95.0 to $180.0 over the preceding 30 days.

Coinbase Glb Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

In light of the recent options history for Coinbase Glb, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Coinbase Glb's Current Market Status

• With a volume of 267,789, the price of COIN is up 1.51% at $127.09.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 17 days.

What The Experts Say On Coinbase Glb

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $130.2.

• An analyst from JP Morgan downgraded its action to Underweight with a price target of $80.
• An analyst from Mizuho has decided to maintain their Underperform rating on Coinbase Glb, which currently sits at a price target of $60.
• An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $180.
• An analyst from Wedbush has decided to maintain their Outperform rating on Coinbase Glb, which currently sits at a price target of $180.
• Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Coinbase Glb, targeting a price of $151.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coinbase Glb with Benzinga Pro for real-time alerts.