Moderately bullish activity in Coinbase (COIN), with shares up $23.07, or 14.24%, near $185.09. Options volume roughly in line with average with 299k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 1.4. Implied volatility (IV30) is higher by 1.8 points near 71.55,in the top quartile of the past year, suggesting an expected daily move of $8.34. Put-call skew flattened, suggesting a modestly bullish tone.
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