Coinbase Glb Unusual Options Activity For December 01

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 36 uncommon options trades for Coinbase Glb.

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $975,702, and 32 are calls, for a total amount of $2,180,863.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $200.0 for Coinbase Glb during the past quarter.

Volume & Open Interest Development

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 $65.0 to $200.0 in the last 30 days.

Coinbase Glb 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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?

• With a volume of 5,503,929, the price of COIN is up 4.15% at $129.9.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 81 days.

What Analysts Are Saying About Coinbase Glb

In the last month, 3 experts released ratings on this stock with an average target price of $58.666666666666664.

• An analyst from Mizuho persists with their Underperform rating on Coinbase Glb, maintaining a target price of $31.
• In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $110.
• Consistent in their evaluation, an analyst from Mizuho keeps a Underperform rating on Coinbase Glb with a target price of $35.

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.