Coinbase Global Unusual Options Activity – Coinbase Global (NASDAQ:COIN)

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 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $586,190 and 2, calls, for a total amount of $58,757.

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 $46.0 to $60.0 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 $46.0 to $60.0 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 PUT SWEEP BULLISH 11/11/22 $50.00 $182.0K 2.6K 4.5K
COIN PUT SWEEP BEARISH 11/18/22 $50.00 $126.6K 14.1K 344
COIN PUT TRADE BEARISH 11/18/22 $50.00 $49.0K 14.1K 5.6K
COIN PUT SWEEP BEARISH 01/20/23 $60.00 $43.8K 4.3K 302
COIN PUT SWEEP BEARISH 01/20/23 $60.00 $43.8K 4.3K 262









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
COIN PUT SWEEP BULLISH 11/11/22 $50.00 $182.0K 2.6K 4.5K
COIN PUT SWEEP BEARISH 11/18/22 $50.00 $126.6K 14.1K 344
COIN PUT TRADE BEARISH 11/18/22 $50.00 $49.0K 14.1K 5.6K
COIN PUT SWEEP BEARISH 01/20/23 $60.00 $43.8K 4.3K 302
COIN PUT SWEEP BEARISH 01/20/23 $60.00 $43.8K 4.3K 262

Where Is Coinbase Global Standing Right Now?

  • With a volume of 5,054,700, the price of COIN is down -12.23% at $50.0.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 107 days.

What The Experts Say On Coinbase Global:

  • Barclays has decided to maintain their Equal-Weight rating on Coinbase Global, which currently sits at a price target of $63.
  • JP Morgan has decided to maintain their Neutral rating on Coinbase Global, which currently sits at a price target of $66.
  • JMP Securities has decided to maintain their Market Outperform rating on Coinbase Global, which currently sits at a price target of $155.
  • Barclays has decided to maintain their Equal-Weight rating on Coinbase Global, which currently sits at a price target of $77.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Coinbase Global, Benzinga Pro gives you real-time options trades alerts.

Author: admin

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