Mixed options sentiment in Coinbase (COIN), with shares down 17c near $310.62. Options volume roughly in line with average with 322k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.57. Implied volatility (IV30) dropped 1.77 near 53.27,in the lowest 10% of observations over the past year, suggesting an expected daily move of $10.42. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at Compass Point.
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