Deep-Pocketed Investors Have Adopted a Bullish Approach Towards Coinbase Glb COIN, and it's Something Market Players Shouldn't Ignore

Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown

Deep-pocketed investors are making bullish bets on Coinbase Glb (NASDAQ:COIN), something that market participants should keep an eye on. We noticed this activity in our tracking of public options records at Benzinga on Thursday.

These bulk trades are usually a key indicator of large movements that traders on the options floor should be aware of.

What To Know: Our options scanner at Benzinga highlighted 20 remarkable options activities for Coinbase Glb, something that options traders pay close attention to. This bulk activity signals a collective bullish preference among the options market participants for COIN, presenting a crucial piece of information for options traders.

Breaking Down The Options trades:

Options traders work with both calls and puts, and our scanner tracks the activity in both. Here's a snapshot of the total puts and calls volume, and premium for Coinbase Glb:

Coinbase Glb Opt Put Total Volume380,114

Coinbase Glb Opt Put Total Premium$380,114

Coinbase Glb Opt Call Total Volume467,971

Coinbase Glb Opt Call Total Premium$467,971

Options traders have a range of strategies they can deploy, and some favor puts, while others prefer calls. However, options volume is an important indicator that helps gauge the overall options flow.

Options traders also pay attention to the net options premium flow, which provides insights into whether the options market is leaning bullish or bearish on the stock. Here's a snapshot of the total net options premium flow for both puts and calls in Coinbase Glb:

Coinbase Glb Opt Put Net Premium Flow Volume$380,114

Coinbase Glb Opt Call Net Premium Flow Volume$467,971

Bullish Options Flow In Focus: Options traders have a bullish edge in COIN options, with total puts volume and total puts net premium flow volume lagging behind total calls volume and total calls net premium flow volume. This options activity suggests that options traders are largely betting on the stock to rise.

Options traders also keep an eye on the price bands where bulk activity is centered. From our options scanner, we can observe the options activity levels for puts and calls in Coinbase Glb for a price band ranging from $100.0 to $350.0, over the last three months:

Coinbase Glb 30-Day Option Volume & Interest Snapshot

What's Next For Coinbase Glb After a 30-day period, we can identify the price bands that options traders are focusing on for both puts and calls in Coinbase Glb. This analysis helps options traders identify the potential price targets that large options trades are瞄准。让我们来看看 puts 和 calls 的详细信息，以更好地了解这些选择活动是如何展开的。

Coinbase is the leading cryptocurrency exchange platform in the United States, founded in 2012. The company aims to be the safe and regulated point of entry for both retail and institutional investors into the cryptocurrency economy. Users can open an account directly with Coinbase, rather than having to go through an intermediary, and many opt to let Coinbase be the custodian of their cryptocurrency, giving the company a broader reach than a traditional financial exchange. While the majority of the company's revenue is still generated by transaction fees paid by its retail customers, Coinbase also uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Having covered the options trading patterns in Coinbase Glb, let's now quickly pivot and examine the company itself. This transition will allow us to assess its present market performance and positioning.

Coinbase Glb's Current Market Performance

Coinbase Glb stock closed at $266.65 on Thursday, showing a gain of 0.6% over the last trading session. Over the past four weeks, COIN stock has risen by 20.1%, reflecting a substantial bullish momentum among investors.

Coinbase Glb's recent trading activity has seen a total volume of 1,036,733 shares, compared to the average daily volume of 1,111,766 shares over the past 50 days. This indicates that the recent trading volume for Coinbase Glb stock is below average.

Coinbase Glb is trading at a P/E ratio of -67.68, which is lower than the industry average of 10.85. This düşük P/E oranı, yatırımcıların şirket hisseleri için mevcut kazançlara kıyasla daha düşük bir fiyat ödemeye istekli olduklarını gösterebilir.

Coinbase Glb stock has a price-to-book ratio of 10.03, which is higher than the industry average of 1.18. A yüksek price-to-book ratio can indicate that investors are paying a premium