Mixed options sentiment in Coinbase (COIN), with shares down $6.21 near $311.72. Options volume relatively light with 64k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.66. Implied volatility (IV30) dropped 0.49 near 61.43,and below the 52wk median, suggesting an expected daily move of $12.06. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Monness Crespi.
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