Coinbase Glb Option Alert: Fri $70 Calls at the Ask: 1220 @ $0.6 vs 3536 OI; Earnings 8/8 After Close [est] Ref=$63.85
Portfolio Pulse from Charles Gross
Coinbase Global (COIN) sees increased activity in Fri $70 call options with 1,220 contracts traded at the ask price of $0.6, compared to 3,536 open interest. Earnings are expected on 8/8 after market close.
June 26, 2023 | 2:41 pm
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Increased activity in Coinbase Global's (COIN) Fri $70 call options may indicate bullish sentiment ahead of earnings release on 8/8 after market close.
The increased activity in COIN's Fri $70 call options suggests that traders are expecting the stock price to rise in the short term, possibly due to the upcoming earnings release. This bullish sentiment may have a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100