Unpacking the Latest Options Trading Trends in Coinbase Glb

Deep-pocketed investors have adopted a bearish approach towards Coinbase Glb COIN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 12% leaning bullish and 87% bearish. Among these notable options, 5 are puts, totaling $255,554, and 11 are calls, amounting to $557,899.

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 $300.0 for Coinbase Glb over the recent three months.

Volume & Open Interest Trends

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 $80.0 to $300.0 in the last 30 days.

Coinbase Glb Call and Put Volume: 30-Day Overview

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.

Following our analysis of the options activities associated with Coinbase Glb, we pivot to a closer look at the company's own performance.

Present Market Standing of Coinbase Glb

• Trading volume stands at 1,996,174, with COIN's price up by 3.06%, positioned at $166.81.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 61 days.

Professional Analyst Ratings for Coinbase Glb

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $106.0.

• An analyst from Needham has decided to maintain their Buy rating on Coinbase Glb, which currently sits at a price target of $160.
• An analyst from Mizuho has decided to maintain their Underperform rating on Coinbase Glb, which currently sits at a price target of $35.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Coinbase Glb, targeting a price of $123.

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.