Mixed options sentiment in Coinbase (COIN), with shares down $5.65 near $321.36. Options volume relatively light with 56k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.55. Implied volatility (IV30) dropped 0.6 near 56.94,in the lowest 10% of observations over the past year, suggesting an expected daily move of $11.53. Put-call skew steepened, indicating increased demand for downside protection.
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