Mixed options sentiment in Coinbase with shares down 1.12%

Mixed options sentiment in Coinbase (COIN), with shares down $2.60 near $229.00. Options volume roughly in line with average with 107k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.71. Implied volatility (IV30) dropped 0.45 near 48.04,in the lowest 10% of observations over the past year, suggesting an expected daily move of $6.93. Put-call skew steepened, indicating increased demand for downside protection.