Mixed options sentiment in Coinbase (COIN), with shares down $7.66 near $185.90. Options volume roughly in line with average with 187k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.49. Implied volatility (IV30) dropped 2.4 near 62.97,and below the 52wk median, suggesting an expected daily move of $7.37. Put-call skew steepened, indicating increased demand for downside protection.
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