Moderately bullish activity in Coinbase (COIN), with shares up $9.03, or 2.92%, near $318.17. Options volume roughly in line with average with 215k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.64. Implied volatility (IV30) dropped 1.19 near 61.92,and below the 52wk median, suggesting an expected daily move of $12.41. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Monness Crespi.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Midday Fly By: Insurers slip as Senate spending bill lacks ACA extension
- Crypto Currents: Rumble soars on AI deal, Coinbase launches token platform
- Coinbase upgraded, Six Flags downgraded: Wall Street’s top analyst calls
- Coinbase upgraded to Buy from Neutral at Monness Crespi
- Strategy Stock (MSTR) Hits 52-Week Low as Crypto Prices Slump