Decoding Coinbase Glb's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed unusual options activity for Coinbase Global (NASDAQ:COIN), with a mix of bearish and bullish sentiment among big-money investors. Nine notable options trades were detected, with 2 puts totaling $166,341 and 7 calls totaling $289,672. The price target range based on volume and open interest is between $70 and $160. COIN's current market status shows a slight price decline with neutral RSI, and earnings are expected in 15 days. Analysts have mixed opinions, with price targets ranging from $60 to $180.
January 31, 2024 | 3:45 pm
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NEUTRAL IMPACT
Unusual options activity detected for COIN with a mix of bullish and bearish sentiment. Analysts have mixed views with price targets ranging from $60 to $180. The stock is currently neutral with earnings expected soon.
The unusual options activity with a nearly even split between bullish and bearish sentiment suggests uncertainty, which could lead to short-term volatility. However, the mixed analyst ratings and the upcoming earnings release create a neutral outlook, as the market may be waiting for the earnings report to reassess the company's value.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100