Mixed options sentiment in Coinbase (COIN), with shares down $10.12 near $332.34. Options volume relatively light with 68k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.44. Implied volatility (IV30) is higher by 1.0 points near 56.99,in the bottom quartile of the past year, suggesting an expected daily move of $11.93. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- SOFI, COIN, UPST, HOOD, AFRM: Mizuho Sees New Fintech Leaders after Fed Rate Cut
- Crypto Currents: Bullish secures New York BitLicense from NYDFS
- Coinbase price target raised to $300 from $267 at Mizuho
- Zebu Live 2025 Welcomes Coinbase, Solana, and other Leaders together for UK’s Biggest Web3 Summit
- Coinbase CEO Says the Crypto Bill Is a ‘Freight Train’ and He’s ‘Never Been More Bullish’