Mixed options sentiment in Coinbase (COIN), with shares down $11.40 near $308.45. Options volume relatively light with 142k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.9 points near 54.57,in the lowest 10% of observations over the past year, suggesting an expected daily move of $10.60. Put-call skew steepened, indicating increased demand for downside protection.
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