High-rolling investors have positioned themselves bearish on Coinbase Glb COIN, and it’s important for retail traders to take note.
This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in COIN often signals that someone has privileged information.
Today, Benzinga’s options scanner spotted 8 options trades for Coinbase Glb. This is not a typical pattern.
The sentiment among these major traders is split, with 12% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $29,366, and 7 calls, totaling $401,686.
What’s The Price Target?
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $180.0 and $500.0 for Coinbase Glb, spanning the last three months.
Volume & Open Interest Development
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