Decoding Coinbase Glbs Options Activity: What’s the Big Picture? – Coinbase Glb (NASDAQ:COIN)

Financial giants have made a conspicuous bullish move on Coinbase Glb. Our analysis of options history for Coinbase Glb COIN revealed 72 unusual trades.

Diving into the details, we found that 44% of traders were bullish, while 41% showed bearish tendencies. Of all the trades we saw, 16 were puts worth $3,898,792 and 56 were calls worth $6,650,647.

Expected price movements

Taking into account the volume and open interest on these contracts, it appears that whales have targeted a price range of $2.5 to $660.0 for Coinbase Glb over the past 3 months.

Volume & open interest development

Looking at volume and open interest is an insightful way to do due diligence on a stock.

This data can help you track the liquidity and interest in Coinbase Glb’s options for a given strike price.

Below we can observe the development of volume and open interest for calls and puts, respectively, for all of Coinbase Glb’s whale activity within a strike price range from $2.5 to $660.0 in the last 30 days.

Coinbase Glb Option volume and open interest over the last 30 days

Important option trades discovered:

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 regulatory compliant entry point for retail investors and institutions into the cryptocurrency economy. Users can create an account directly with the company instead of using an intermediary, and many choose to let Coinbase act as a depository for their cryptocurrency, giving the company breadth beyond a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase is using internal investments and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

In light of the recent options history for Coinbase Glb, it is now appropriate to focus on the company itself. We aim to explore its current performance.

Coinbase Glbs current market status

• Currently trading with a volume of 4,783,410, COIN’s price has increased by 5.11%, now at $296.03.
• RSI readings suggest that the stock may currently be approaching overbought.
• Expected earnings will be published in 27 days.

What the experts say at Coinbase Glb

In the last month, 5 experts issued ratings on this stock with an average target price of $297.8.

Unusual settings Activity detected: Smart Money on the Move

Benzinga Edge’s Unusual Options board detects potential market moves before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Piper Sandler continues to have a neutral rating on Coinbase Glb, targeting a price of $285. * Consistent with their evaluation, an analyst from Keefe, Bruyette & Woods maintains a Market Perform rating on Coinbase Glb with a target price of $275. * An analyst from Goldman Sachs continues with their neutral rating on Coinbase Glb and maintains a target price of $340. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to have a Market Perform rating on Coinbase Glb, with a price target of $255. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Coinbase Glb, which currently has a price target of $334.

Trading options involves greater risks, but also offers the opportunity for higher profits. Experienced traders mitigate these risks through ongoing education, strategic trade adjustments, use of various indicators and staying attuned to market dynamics. Stay up to date with the latest options for Coinbase Glb med Benzinga Pro for real-time alerts.