Looking At Coinbase Global's Recent Unusual Options Activity

Financial giants have made a conspicuous bearish move on Coinbase Global. Our analysis of options history for Coinbase Global COIN revealed 18 unusual trades.

Delving into the details, we found 27% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $633,400, and 12 were calls, valued at $803,970.

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 $5.0 to $250.0 for Coinbase Global during the past quarter.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coinbase Global's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coinbase Global's significant trades, within a strike price range of $5.0 to $250.0, over the past month.

Coinbase Global Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Coinbase Global

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.

After a thorough review of the options trading surrounding Coinbase Global, 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 Global

• Currently trading with a volume of 919,286, the COIN's price is up by 0.05%, now at $204.33.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 36 days.

Professional Analyst Ratings for Coinbase Global

In the last month, 5 experts released ratings on this stock with an average target price of $288.6.

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. * Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Coinbase Global, targeting a price of $311. * In a cautious move, an analyst from Rosenblatt downgraded its rating to Buy, setting a price target of $305. * Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Coinbase Global with a target price of $305. * An analyst from Mizuho has decided to maintain their Neutral rating on Coinbase Global, which currently sits at a price target of $217. * An analyst from Rosenblatt has decided to maintain their Buy rating on Coinbase Global, which currently sits at a price target of $305.

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 Global with Benzinga Pro for real-time alerts.