Mixed options sentiment in Coinbase with shares down 1.9%

Mixed options sentiment in Coinbase (COIN), with shares down $3.17 near $164.07. Options volume relatively light with 70k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 1.03. Implied volatility (IV30) dropped 0.34 near 73.45,in the top quartile of the past year, suggesting an expected daily move of $7.59. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Coinbase (COIN) will report earnings after the close on 2026-02-12.Option markets are pricing in a 50% probability of a move greater than 10.98% or $18.01.