A Closer Look at Coinbase Glb's Options Market Dynamics

Financial giants have made a conspicuous bearish move on Coinbase Glb. Our analysis of options history for Coinbase Glb COIN revealed 57 unusual trades.

Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 14 were puts, with a value of $1,139,680, and 43 were calls, valued at $4,928,898.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $500.0 for Coinbase Glb during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb's substantial trades, within a strike price spectrum from $95.0 to $500.0 over the preceding 30 days.

Coinbase Glb Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Coinbase Glb, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Coinbase Glb Standing Right Now?

• Currently trading with a volume of 4,145,443, the COIN's price is down by -1.6%, now at $238.49.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 45 days.

What Analysts Are Saying About Coinbase Glb

In the last month, 5 experts released ratings on this stock with an average target price of $197.2.

• An analyst from Mizuho has decided to maintain their Underperform rating on Coinbase Glb, which currently sits at a price target of $84.
• An analyst from JP Morgan persists with their Neutral rating on Coinbase Glb, maintaining a target price of $150.
• An analyst from Goldman Sachs upgraded its action to Neutral with a price target of $282.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Coinbase Glb, targeting a price of $170.
• Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Coinbase Glb, targeting a price of $300.

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.