Bullish flow in Coinbase (COIN), with shares up $16.91, or 4.36%, near $404.93. Options volume roughly in line with average with 303k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 1.3 points near 68.21,and below the 52wk median, suggesting an expected daily move of $17.40. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at H.C. Wainwright.Looking ahead: Coinbase (COIN) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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