Mixed options sentiment in Coinbase (COIN), with shares down $1.41 near $302.60. Options volume relatively light with 75k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.71. Implied volatility (IV30) dropped 0.79 near 61.36,and below the 52wk median, suggesting an expected daily move of $11.70. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Monness Crespi.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- CRCL, HOOD, COIN: Bernstein Sees Stablecoin Market Hitting $4 Trillion by 2035
- JPMorgan (JPM) Bets on Blockchain With New Digital Token “JPM Coin”
- M&A News: Coinbase and BVNK End $2B Acquisition Talks
- Coinbase terminates $2B deal for stablecoin startup BVNK, Fortune says
- Mixed options sentiment in Coinbase with shares down 1.95%