Mixed options sentiment in Coinbase (COIN), with shares down $13.24 near $372.82. Options volume relatively light with 121k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.39. Implied volatility (IV30) dropped 0.68 near 70.28,and above the 52wk median, suggesting an expected daily move of $16.51. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Rothschild & Co Redburn.
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