Investors with a lot of money to spend have taken a bearish stance on Coinbase Glb (NASDAQ: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 58 uncommon options trades for Coinbase Glb.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 41%, bearish.

Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,381,913, and 39 are calls, for a total amount of $4,690,886.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $400.0 for Coinbase Glb during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Coinbase Glb options trades today is 3277.28 with a total volume of 25,567.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Coinbase Glb's big money trades within a strike price range of $135.0 to $400.0 over the last 30 days.

Coinbase Glb Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Coinbase Glb

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.

Present Market Standing of Coinbase Glb

• With a volume of 3,645,844, the price of COIN is down -0.52% at $218.51.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 0 days.

What The Experts Say On Coinbase Glb

In the last month, 5 experts released ratings on this stock with an average target price of $244.0.

Unusual Options Activity Detected: Smart Money on the Move

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.