Coinbase Glb Option Alert: Fri $75 Calls Sweep (42) near the Ask: 877 @ $0.336 vs 2872 OI; Earnings
Portfolio Pulse from Charles Gross
An option alert has been issued for Coinbase Global (COIN) for Friday $75 calls sweep. The alert indicates 877 contracts traded near the ask price of $0.336, compared to an open interest of 2872 contracts.
June 27, 2023 | 4:15 pm
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Increased activity in Coinbase's options market, specifically for $75 calls, could indicate bullish sentiment among traders.
The increased trading activity in Coinbase's options, specifically for $75 calls, could suggest that traders are expecting the price of COIN to rise. This is typically a bullish signal and could potentially impact the stock's price in the short term.
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