Large numbers of call options in Coinbase (COIN) that expire on Oct. 27 have been trading today. Coinbase will report its Q3 earnings on Nov. 2 (after the market close) and investors can begin submitting questions on Oct. 26.
This huge call options activity suggests that investors in COIN stock may think the worst is over for the crypto market. In fact, COIN has fallen $21.57 from $99.77 on July 26 to $78.20 today (morning trading on Monday, Oct. 23). That represents a drop of over 21.6% in the past 3 months.
