Unpacking the Latest Options Trading Trends in Coinbase Glb
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Coinbase Global (NASDAQ:COIN) show a bearish stance by whales, with 53% of trades being bearish and 46% bullish. The trading activity suggests a price target range of $120 to $370. The largest trades include both bullish and neutral calls, and a bearish call with strike prices ranging from $134 to $320. Coinbase, a leading cryptocurrency exchange, is up 7.16% at $142.04, with analysts giving mixed ratings and price targets ranging from $60 to $180.
February 09, 2024 | 3:16 pm
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NEUTRAL IMPACT
Bearish options trading trends and mixed analyst ratings suggest uncertainty around Coinbase's short-term price movement. Price targets range widely from $60 to $180.
The bearish stance by whales in options trading, combined with a wide range of analyst price targets, indicates a high level of uncertainty and mixed sentiment towards Coinbase's short-term prospects. The significant trading volume and recent price increase suggest investor interest, but the mixed analyst ratings and wide target price range create a neutral outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100