Decoding Coinbase Glb's Options Activity: What's the Big Picture?

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 27 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 29% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $129,457 and 24, calls, for a total amount of $1,347,799.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $660.0 for Coinbase Glb over the recent three months.

Volume & Open Interest Trends

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 $105.0 to $660.0, over the past month.

Coinbase Glb 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Having examined the options trading patterns of Coinbase Glb, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Coinbase Glb's Current Market Status

• With a volume of 3,326,265, the price of COIN is up 1.72% at $319.2.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 63 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 $381.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Coinbase Glb with a target price of $397. * An analyst from Needham has decided to maintain their Buy rating on Coinbase Glb, which currently sits at a price target of $375. * An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $420. * Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Coinbase Glb, targeting a price of $355. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Coinbase Glb, targeting a price of $358.

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.