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Deep-pocketed investors have adopted a bullish approach towards Coinbase Global 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 26 extraordinary options activities for Coinbase Global. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 38% bearish. Among these notable options, 11 are puts, totaling $537,719, and 15 are calls, amounting to $685,749.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $350.0 for Coinbase Global over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Coinbase Global options trades today is 714.48 with a total volume of 7,232.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coinbase Global’s big money trades within a strike price range of $85.0 to $350.0 over the last 30 days.
Coinbase Global Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
COIN | PUT | TRADE | BULLISH | 03/21/25 | $11.85 | $11.4 | $11.4 | $202.50 | $114.0K | 42 | 407 |
COIN | CALL | TRADE | BEARISH | 03/21/25 | $23.2 | $22.25 | $22.25 | $190.00 | $89.0K | 1.1K | 0 |
COIN | PUT | TRADE | BEARISH | 05/16/25 | $39.4 | $38.8 | $39.4 | $230.00 | $78.8K | 1.0K | 21 |
COIN | CALL | SWEEP | BULLISH | 12/18/26 | $49.5 | $49.5 | $49.5 | $300.00 | $69.3K | 635 | 6 |
COIN | CALL | SWEEP | BULLISH | 02/28/25 | $1.5 | $1.28 | $1.5 | $210.00 | $59.5K | 698 | 3.5K |
About Coinbase Global
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 Global, we pivot to a closer look at the company’s own performance.
Present Market Standing of Coinbase Global
- With a trading volume of 1,506,863, the price of COIN is down by -1.3%, reaching $205.67.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 62 days from now.
What Analysts Are Saying About Coinbase Global
5 market experts have recently issued ratings for this stock, with a consensus target price of $324.6.
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 Needham persists with their Buy rating on Coinbase Global, maintaining a target price of $330.
* An analyst from Barclays persists with their Equal-Weight rating on Coinbase Global, maintaining a target price of $328.
* An analyst from HC Wainwright & Co. has decided to maintain their Buy rating on Coinbase Global, which currently sits at a price target of $350.
* An analyst from Piper Sandler persists with their Neutral rating on Coinbase Global, maintaining a target price of $310.
* Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Coinbase Global, targeting a price of $305.
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 Global options trades with real-time alerts from Benzinga Pro.
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