Mixed options sentiment in Coinbase (COIN), with shares up 40c, or 0.1%, near $387.68. Options volume roughly in line with average with 100k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.4. Implied volatility (IV30) dropped 0.57 near 68.99,and above the 52wk median, suggesting an expected daily move of $16.85. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Rothschild & Co Redburn.
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