Coinbase Glb's Options: A Look at What the Big Money is Thinking

Deep-pocketed investors have adopted a bullish approach towards Coinbase Glb COIN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 35% bearish. Among these notable options, 3 are puts, totaling $1,172,579, and 11 are calls, amounting to $473,652.

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 $250.0 to $350.0 for Coinbase Glb during the past quarter.

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 $250.0 to $350.0 in the last 30 days.

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.

Present Market Standing of Coinbase Glb

• Currently trading with a volume of 416,120, the COIN's price is up by 4.23%, now at $261.82.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 30 days.

What Analysts Are Saying About Coinbase Glb

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $288.75.

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 Piper Sandler keeps a Neutral rating on Coinbase Glb with a target price of $285. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Coinbase Glb, targeting a price of $340. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Coinbase Glb, targeting a price of $275. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Coinbase Glb, targeting a price of $255.

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.