Bullish flow in Coinbase (COIN), with shares up $7.55, or 1.99%, near $387.57. Options volume roughly in line with average with 244k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 4.1 points near 70.84,and above the 52wk median, suggesting an expected daily move of $17.30. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Rothschild & Co Redburn.
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