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benzinga.com
167 days

Coinbase Global's Options Frenzy: What You Need to Know - Coinbase Global (NASDAQ:COIN)

1. Investors show bearish sentiment towards Coinbase with substantial put options activity. 2. 14% of investors are bullish, while 28% are bearish according to recent data. 3. Options trades suggest price targets between $187.5 and $660 for COIN. 4. Current COIN price is $216.26, showing a 1.75% increase. 5. Analyst ratings vary, but target prices average around $331.2.

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FAQ

Why Bearish?

The majority of options are bearish, indicating significant downward pressure on COIN's stock. Historical patterns show that high put activity often precedes price drops.

How important is it?

High put option activity indicates a significant shift in market sentiment. The potential for volatility and reactionary trading makes this news critical for COIN's price trajectory.

Why Short Term?

The immediate bearish sentiment and substantial options activity suggest a potential short-term decline. Quick market reactions to options can influence prices rapidly.

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