Coinbase Glb Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bullish stance on Coinbase Glb COIN.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COIN, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for Coinbase Glb.

This isn't normal.

The overall sentiment of these big-money traders is split between 56% bullish and 43%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $162,911, and 12 are calls, for a total amount of $1,145,129.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $200.0 for Coinbase Glb over the recent three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coinbase Glb's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coinbase Glb's significant trades, within a strike price range of $80.0 to $200.0, over the past month.

Coinbase Glb Option Volume And Open Interest Over Last 30 Days

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.

After a thorough review of the options trading surrounding Coinbase Glb, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Coinbase Glb Standing Right Now?

• With a trading volume of 902,643, the price of COIN is down by -0.26%, reaching $127.94.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 83 days from now.

Professional Analyst Ratings for Coinbase Glb

3 market experts have recently issued ratings for this stock, with a consensus target price of $77.0.

• An analyst from Citigroup has decided to maintain their Neutral rating on Coinbase Glb, which currently sits at a price target of $90.
• Maintaining their stance, an analyst from Mizuho continues to hold a Underperform rating for Coinbase Glb, targeting a price of $31.
• Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $110.

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.