This Is What Whales Are Betting On Coinbase Glb – Coinbase Glb (NASDAQ:COIN)

A whale with a lot of money to spend has taken a noticeably bearish stance on Coinbase Glb.

Looking at options history for Coinbase Glb (NASDAQ:COIN) we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $363,106 and 10, calls, for a total amount of $1,994,460.

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 $40.0 to $95.0 for Coinbase Glb over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Coinbase Glb options trades today is 1108.31 with a total volume of 1,114.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Coinbase Glb’s big money trades within a strike price range of $40.0 to $95.0 over the last 30 days.

Coinbase Glb 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	03/15/24	$80.00	$890.0K	62	0
COIN	CALL	SWEEP	BULLISH	03/15/24	$85.00	$770.5K	71	12
COIN	PUT	TRADE	NEUTRAL	10/20/23	$80.00	$62.7K	1.4K	2
COIN	CALL	SWEEP	BEARISH	01/17/25	$75.00	$59.5K	244	46
COIN	PUT	TRADE	NEUTRAL	03/15/24	$70.00	$52.5K	802	131

Where Is Coinbase Glb Standing Right Now?

• With a volume of 2,442,909, the price of COIN is down -1.07% at $78.75.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 62 days.

What The Experts Say On Coinbase Glb:

• JMP Securities has decided to maintain their Outperform rating on Coinbase Glb, which currently sits at a price target of $107.
• Canaccord Genuity downgraded its action to Buy with a price target of $140
• Piper Sandler has decided to maintain their Neutral rating on Coinbase Glb, which currently sits at a price target of $80.
• HC Wainwright & Co. has decided to maintain their Buy rating on Coinbase Glb, which currently sits at a price target of $115.
• JMP Securities downgraded its action to Market Outperform with a price target of $107

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 Glb, Benzinga Pro gives you real-time options trades alerts.