Mixed options sentiment in Coinbase (COIN), with shares up $13.84, or 5.26%, near $277.10. Options volume relatively light with 223k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 1.04. Implied volatility (IV30) dropped 0.53 near 59.59,in the bottom quartile of the past year, suggesting an expected daily move of $10.40. Put-call skew steepened, indicating increased demand for downside protection.
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