Financial giants have made a conspicuous bearish move on Coinbase Glb. Our analysis of options history for Coinbase Glb COIN revealed 15 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $410,972, and 7 were calls, valued at $313,345.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $520.0 for Coinbase Glb during the past quarter.
Volume & Open Interest Development
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 $165.0 to $520.0, over the past month.
Coinbase Glb Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COIN | CALL | SWEEP | BULLISH | 10/18/24 | $6.55 | $5.85 | $5.85 | $195.00 | $102.0K | 29.6K | 180 |
| COIN | PUT | TRADE | BULLISH | 01/17/25 | $27.65 | $27.5 | $27.5 | $165.00 | $101.7K | 1.5K | 13 |
| COIN | PUT | TRADE | NEUTRAL | 09/20/24 | $95.8 | $91.4 | $93.78 | $260.00 | $75.0K | 11 | 8 |
| COIN | CALL | TRADE | BULLISH | 01/16/26 | $46.0 | $43.4 | $46.0 | $200.00 | $46.0K | 4.2K | 10 |
| COIN | PUT | TRADE | BEARISH | 11/15/24 | $38.6 | $37.25 | $38.2 | $190.00 | $45.8K | 471 | 40 |
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.
Present Market Standing of Coinbase Glb
- Trading volume stands at 407,984, with COIN's price down by -2.5%, positioned at $164.91.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 57 days.
Expert Opinions on Coinbase Glb
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $295.0.
- Consistent in their evaluation, an analyst from Compass Point keeps a Buy rating on Coinbase Glb with a target price of $295.
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.
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