Coinbase Global, Inc. (COIN) posted significantly lower trading volume in its Q2 results release yesterday. In addition, its adj. net income per share fell by over 93% QoQ. That has sparked huge, unusual volume in COIN call options, mostly from sellers, as COIN stock is down 15% today. Buyers should beware.
COIN is at $321.19, down from $377.76 yesterday and a recent peak of $419.78 on July 18. Clearly, investors aren't happy with the company's results.
