Mixed options sentiment in Coinbase (COIN), with shares up $4.76, or 1.51%, near $319.45. Options volume relatively light with 139k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.56. Implied volatility (IV30) dropped 2.71 near 56.85,in the lowest 10% of observations over the past year, suggesting an expected daily move of $11.44. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Monness Crespi.
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