Moderately bullish activity in Coinbase (COIN), with shares up $12.00, or 3.9%, near $319.32. Options volume roughly in line with average with 242k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.53. Implied volatility (IV30) dropped 4.17 near 60.34,in the bottom quartile of the past year, suggesting an expected daily move of $12.14. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at H.C. Wainwright.
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