Bullish option flow detected in Coinbase with 40,958 calls trading, 1.6x expected, and implied vol increasing almost 2 points to 75.76%. May-24 250 calls and 5/10 weekly 240 calls are the most active options, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 0.36. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Crypto Trader’s Nightmare: $70 Million Vanishes in Address Poisoning Scam
- Here’s What You Missed in Crypto This Week
- Coinbase price target raised to $282 from $276 at Oppenheimer
- Coinbase price target raised to $280 from $240 at Canaccord
- Coinbase price target raised to $315 from $300 at H.C. Wainwright