Option traders moderately bearish in Coinbase (COIN), with shares down $17.14 near $240.15. Options volume running well above average with 528k contracts traded and puts leading calls for a put/call ratio of 2.25, compared to a typical level near 0.93. Implied volatility (IV30) is higher by 2.0 points near 72.61,and above the 52wk median, suggesting an expected daily move of $10.98. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at Erste Group.
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