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 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $607,024, and 6 were calls, valued at $730,593.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $170.0 for Coinbase Glb, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Coinbase Glb stands at 1936.14, with a total volume reaching 2,866.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Coinbase Glb, situated within the strike price corridor from $75.0 to $170.0, throughout the last 30 days.
Coinbase Glb Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COIN | CALL | SWEEP | BEARISH | 04/19/24 | $100.00 | $485.7K | 1.8K | 889 |
| COIN | PUT | SWEEP | BULLISH | 01/16/26 | $100.00 | $263.4K | 310 | 85 |
| COIN | CALL | TRADE | BULLISH | 06/21/24 | $130.00 | $83.1K | 449 | 71 |
| COIN | PUT | TRADE | NEUTRAL | 01/19/24 | $140.00 | $57.5K | 3.7K | 53 |
| COIN | PUT | SWEEP | BULLISH | 01/19/24 | $130.00 | $54.3K | 5.6K | 236 |
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.
Current Position of Coinbase Glb
- Trading volume stands at 1,616,931, with COIN's price down by -1.17%, positioned at $129.25.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 35 days.
Expert Opinions on Coinbase Glb
In the last month, 4 experts released ratings on this stock with an average target price of $153.5.
- Consistent in their evaluation, an analyst from Mizuho keeps a Underperform rating on Coinbase Glb with a target price of $54.
- An analyst from Wedbush persists with their Outperform rating on Coinbase Glb, maintaining a target price of $180.
- An analyst from JMP Securities has decided to maintain their Market Outperform rating on Coinbase Glb, which currently sits at a price target of $200.
- An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $180.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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