A whale with a lot of money to spend has taken a noticeably bearish stance on Coinbase Global.
Looking at options history for Coinbase Global COIN we detected 40 strange trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 19 are puts, for a total amount of $1,307,126 and 21, calls, for a total amount of $2,298,952.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $440.0 for Coinbase Global over the last 3 months.
Volume & Open Interest Development
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 Global’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 Global’s whale activity within a strike price range from $110.0 to $440.0 in the last 30 days.
Coinbase Global Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COIN | CALL | TRADE | BULLISH | 05/20/22 | $150.00 | $359.4K | 9 | 100 |
| COIN | CALL | SWEEP | BEARISH | 05/20/22 | $150.00 | $357.0K | 9 | 100 |
| COIN | CALL | TRADE | BULLISH | 01/19/24 | $230.00 | $250.0K | 190 | 20 |
| COIN | CALL | TRADE | BEARISH | 01/19/24 | $210.00 | $235.0K | 38 | 51 |
| COIN | PUT | TRADE | NEUTRAL | 09/16/22 | $110.00 | $218.4K | 468 | 10 |
Where Is Coinbase Global Standing Right Now?
- With a volume of 2,681,086, the price of COIN is up 4.6% at $178.03.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 13 days.
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