Financial giants have made a conspicuous bullish move on Coinbase Glb. Our analysis of options history for Coinbase Glb COIN revealed 88 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 37 were puts, with a value of $1,935,813, and 51 were calls, valued at $3,533,777.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $690.0 for Coinbase Glb over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Coinbase Glb stands at 2899.7, with a total volume reaching 119,835.00. 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 $250.0 to $690.0, throughout the last 30 days.
Coinbase Glb Option Volume And Open Interest Over 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 | SWEEP | BEARISH | 02/21/25 | $7.6 | $7.55 | $7.6 | $370.00 | $570.5K | 808 | 824 |
| COIN | CALL | SWEEP | BEARISH | 01/31/25 | $7.4 | $7.25 | $7.1 | $320.00 | $214.8K | 1.1K | 2.5K |
| COIN | CALL | TRADE | BULLISH | 02/21/25 | $39.0 | $39.0 | $39.0 | $280.00 | $195.0K | 14.3K | 131 |
| COIN | CALL | TRADE | BEARISH | 02/21/25 | $57.6 | $56.7 | $56.7 | $250.00 | $113.4K | 1.4K | 39 |
| COIN | CALL | SWEEP | BULLISH | 01/24/25 | $9.0 | $8.75 | $8.9 | $300.00 | $91.9K | 9.8K | 10.7K |
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.
Where Is Coinbase Glb Standing Right Now?
- Currently trading with a volume of 4,755,147, the COIN's price is up by 2.32%, now at $302.7.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 21 days.
Professional Analyst Ratings for Coinbase Glb
In the last month, 4 experts released ratings on this stock with an average target price of $303.5.
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. * An analyst from Goldman Sachs has decided to maintain their Neutral rating on Coinbase Glb, which currently sits at a price target of $340. * Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Market Perform rating on Coinbase Glb with a target price of $255. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Coinbase Glb with a target price of $334. * An analyst from Piper Sandler has decided to maintain their Neutral rating on Coinbase Glb, which currently sits at a price target of $285.
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.
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