Whales with a lot of money to spend have taken a noticeably bearish stance on Coinbase Glb.
Looking at options history for Coinbase Glb COIN we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $232,160 and 14, calls, for a total amount of $943,139.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.5 to $360.0 for Coinbase Glb over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $2.5 to $360.0 in the last 30 days.
Coinbase Glb Option Activity Analysis: 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 | TRADE | BEARISH | 12/19/25 | $76.55 | $74.35 | $75.0 | $300.00 | $277.5K | 839 | 37 |
| COIN | CALL | TRADE | NEUTRAL | 06/20/25 | $275.0 | $271.4 | $272.9 | $2.50 | $136.4K | 582 | 6 |
| COIN | CALL | TRADE | BULLISH | 01/03/25 | $15.25 | $15.05 | $15.25 | $267.50 | $108.2K | 166 | 150 |
| COIN | PUT | TRADE | BULLISH | 03/21/25 | $27.65 | $27.45 | $27.45 | $250.00 | $71.3K | 1.7K | 36 |
| COIN | PUT | TRADE | BEARISH | 02/21/25 | $35.4 | $35.4 | $35.4 | $280.00 | $56.6K | 901 | 59 |
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 788,381, the price of COIN is up 3.04% at $276.31.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 51 days.
What Analysts Are Saying About Coinbase Glb
In the last month, 5 experts released ratings on this stock with an average target price of $361.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Keefe, Bruyette & Woods persists with their Market Perform rating on Coinbase Glb, maintaining a target price of $275. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Coinbase Glb with a target price of $397. * Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Coinbase Glb, targeting a price of $420. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Coinbase Glb, targeting a price of $358. * An analyst from Barclays has decided to maintain their Equal-Weight rating on Coinbase Glb, which currently sits at a price target of $355.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
