Deep-pocketed investors have adopted a bullish approach towards Coinbase Glb (NASDAQ:COIN), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 38% bearish. Among these notable options, 2 are puts, totaling $62,829, and 11 are calls, amounting to $708,165.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $660.0 for Coinbase Glb, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb's substantial trades, within a strike price spectrum from $100.0 to $660.0 over the preceding 30 days.
Coinbase Glb 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COIN | CALL | SWEEP | BEARISH | 12/13/24 | $14.85 | $14.45 | $14.45 | $332.50 | $144.5K | 169 | 239 |
| COIN | CALL | SWEEP | BEARISH | 12/20/24 | $14.0 | $12.9 | $13.33 | $350.00 | $130.3K | 6.9K | 607 |
| COIN | CALL | TRADE | BEARISH | 03/21/25 | $64.45 | $63.5 | $63.5 | $330.00 | $127.0K | 799 | 27 |
| COIN | CALL | SWEEP | BULLISH | 12/13/24 | $3.9 | $3.8 | $3.9 | $370.00 | $77.6K | 2.5K | 412 |
| COIN | CALL | TRADE | NEUTRAL | 01/24/25 | $37.0 | $33.5 | $35.35 | $340.00 | $53.0K | 11 | 16 |
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 regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Following our analysis of the options activities associated with Coinbase Glb, we pivot to a closer look at the company's own performance.
Coinbase Glb's Current Market Status
- Trading volume stands at 2,424,125, with COIN's price down by -2.8%, positioned at $334.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 66 days.
Expert Opinions on Coinbase Glb
In the last month, 5 experts released ratings on this stock with an average target price of $381.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Goldman Sachs persists with their Neutral rating on Coinbase Glb, maintaining a target price of $397. * An analyst from Oppenheimer persists with their Outperform rating on Coinbase Glb, maintaining a target price of $358. * An analyst from Barclays has decided to maintain their Equal-Weight rating on Coinbase Glb, which currently sits at a price target of $355. * An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $420. * An analyst from Needham persists with their Buy rating on Coinbase Glb, maintaining a target price of $375.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coinbase Glb options trades with real-time alerts from Benzinga Pro.
