Investors with a lot of money to spend have taken a bearish stance on Coinbase Glb COIN.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with COIN, it often means somebody knows something is about to happen.
Today, Benzinga’s options scanner spotted 28 options trades for Coinbase Glb.
This isn’t normal.
The overall sentiment of these big-money traders is split between 39% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $41,300, and 27, calls, for a total amount of $3,362,100.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $210.0 for Coinbase Glb during…
