Coinbase Options Traders See Stock Surging By Friday
Portfolio Pulse from Lisa Levin
Coinbase Global, Inc. (NASDAQ:COIN) shares gained on Wednesday amid a surge in the crypto market, led by Bitcoin and Ethereum. Traders expect Coinbase's stock to jump at least 5.5% by Friday, with 1.6x more calls than puts on the stock. The crypto market is boosted by positive developments, including the launch of EDX Markets, backed by Charles Schwab, Fidelity, and Citadel Securities.
June 22, 2023 | 2:19 pm
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Coinbase shares gained amid a crypto market surge, with traders expecting a 5.5% jump by Friday. The market is boosted by positive developments, including the launch of EDX Markets.
The surge in the crypto market, led by Bitcoin and Ethereum, is driving optimism for Coinbase's stock. The launch of EDX Markets, backed by major financial players, further supports the positive sentiment. As a result, traders expect a 5.5% jump in Coinbase's stock by Friday.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100