Mixed options sentiment in Coinbase (COIN), with shares down $5.17 near $240.43. Options volume running well above average with 101k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.77. Implied volatility (IV30) dropped 0.26 near 53.16,in the bottom quartile of the past year, suggesting an expected daily move of $8.05. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at BofA.
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