Deep-pocketed investors have adopted a bullish 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 20 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 40% leaning bullish and 35% bearish. Among these notable options, 10 are puts, totaling $421,247, and 10 are calls, amounting to $672,435.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $500.0 for Coinbase Glb over the last 3 months.
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 $200.0 to $500.0 over the preceding 30 days.
Coinbase Glb Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COIN | CALL | TRADE | BEARISH | 03/21/25 | $61.1 | $61.0 | $61.0 | $230.00 | $219.6K | 899 | 0 |
| COIN | PUT | TRADE | NEUTRAL | 03/21/25 | $37.95 | $36.75 | $37.45 | $260.00 | $86.1K | 760 | 23 |
| COIN | CALL | TRADE | BEARISH | 01/31/25 | $27.9 | $27.0 | $27.0 | $275.00 | $81.0K | 38 | 41 |
| COIN | CALL | TRADE | BULLISH | 03/21/25 | $61.0 | $61.0 | $61.0 | $230.00 | $79.3K | 899 | 0 |
| COIN | CALL | SWEEP | BULLISH | 01/24/25 | $6.35 | $4.55 | $6.35 | $350.00 | $63.5K | 310 | 100 |
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 trading volume of 1,396,901, the price of COIN is down by -3.55%, reaching $264.19.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 55 days from now.
What The Experts Say On Coinbase Glb
5 market experts have recently issued ratings for this stock, with a consensus target price of $361.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Barclays persists with their Equal-Weight rating on Coinbase Glb, maintaining a target price of $355. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Coinbase Glb with a target price of $358. * An analyst from Keefe, Bruyette & Woods persists with their Market Perform rating on Coinbase Glb, maintaining a target price of $275. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Coinbase Glb, targeting a price of $397. * An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $420.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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