Financial giants have made a conspicuous bullish move on Coinbase Glb. Our analysis of options history for Coinbase Glb COIN revealed 18 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $468,253, and 11 were calls, valued at $753,805.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $280.0 for Coinbase Glb, spanning the last 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 $60.0 to $280.0 in the last 30 days.
Coinbase Glb Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COIN | PUT | TRADE | BULLISH | 12/19/25 | $150.00 | $274.7K | 281 | 250 |
| COIN | CALL | TRADE | BULLISH | 03/15/24 | $170.00 | $175.7K | 836 | 34 |
| COIN | CALL | TRADE | BEARISH | 04/19/24 | $280.00 | $150.0K | 1.0K | 0 |
| COIN | CALL | TRADE | BEARISH | 01/19/24 | $155.00 | $115.5K | 2.5K | 0 |
| COIN | CALL | SWEEP | BEARISH | 01/12/24 | $160.00 | $56.5K | 2.9K | 649 |
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 3,067,920, with COIN's price up by 0.36%, positioned at $159.99.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 42 days.
Professional Analyst Ratings for Coinbase Glb
3 market experts have recently issued ratings for this stock, with a consensus target price of $144.66666666666666.
- An analyst from Needham has decided to maintain their Buy rating on Coinbase Glb, which currently sits at a price target of $180.
- Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Coinbase Glb, targeting a price of $200.
- Consistent in their evaluation, an analyst from Mizuho keeps a Underperform rating on Coinbase Glb with a target price of $54.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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