Mixed options sentiment in Coinbase (COIN), with shares up $3.63, or 1.05%, near $348.45. Options volume running well above average with 464k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.46. Implied volatility (IV30) dropped 0.59 near 59.68,in the lowest 10% of observations over the past year, suggesting an expected daily move of $13.10. Put-call skew steepened, indicating increased demand for downside protection.
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