Whales with a lot of money to spend have taken a noticeably bullish stance on Coinbase Glb

Looking at options history for Coinbase Glb COIN we detected 27 trades. If we consider the specifics of each trade, it is accurate to state that 48%

Coinbase Global Inc (NASDAQ:COIN) has captured the attention of whales with a bullish outlook, as evident in recent options trades. Analyzing these trades reveals that 48% of investors are optimistic about the stock while 37% anticipate a bearish trend. Among the trades spotted, 6 are puts, totaling $277,886, and 21 are calls, amounting to $1,196,722.

Examining the trading volumes and Open Interest indicates that major market movers are focusing on a price range between $100.0 and $510.0 for Coinbase Global Inc, spanning the last three months. This price band encompasses the strike prices where the highest options activity is observed.

Analyzing the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coinbase Global Inc's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coinbase Global Inc's significant trades, within a strike price range of $100.0 to $510.0, over the past month.

Coinbase Global Inc Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Coinbase shares are trading higher in Friday's premarket after the company was assigned a Buy rating from two market analysts.

The new ratings follow a report from earlier this week, which stated that several large investment firms have reduced their holdings in Coinbase.

Coinbase Global Inc (NASDAQ:COIN) has recently been assigned a Buy rating by two market analysts, with a consensus target price of $238.5.

Coinbase Global Inc (NASDAQ:COIN) options activity suggests a price range between $100.0 and $510.0 is favored by market makers. This price band includes the strike prices where the highest options activity is observed.

Coinbase Global Inc (NASDAQ:COIN) is now trading at a price range, and technical indicators show the stock is in a neutral zone.

From the perspective of a short-term trader, the stock seems to be in a good range to sell.

Coinbase Global Inc (NASDAQ:COIN) shares are indicated to be opening higher premarket Friday after two market analysts initiated coverage of the stock with a Buy rating.

Coinbase shares closed down to the tune of 1.8% at $163.01 on Thursday after the company was downgraded by Truist Financial to Hold from Buy and as several large investment firms, including BlackRock Inc (NYSE:BLK) and Vanguard Group Inc, cut their holdings in the company.

Coinbase was assigned a Buy rating by two market analysts on Friday, converging on a consensus target price of $238.5.

The stock is燬neutral' on average, according to悚StockNews.com.