Mixed options sentiment in Coinbase with shares down 0.2%

Mixed options sentiment in Coinbase (COIN), with shares down 78c near $397.02. Options volume relatively light with 255k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.55. Implied volatility (IV30) dropped 0.35 near 62.57,in the bottom quartile of the past year, suggesting an expected daily move of $15.65. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Coinbase (COIN) will report earnings after the close on 2025-07-31.Option markets are pricing in a 50% probability of a move greater than 6.08% or $24.12.