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benzinga.com
154 days

Looking At Coinbase Global's Recent Unusual Options Activity - Coinbase Global (NASDAQ:COIN)

1. Bearish sentiment prevails among deep-pocket investors for COIN. 2. Options activity shows a significant divide: 40% bearish, 36% bullish. 3. Major trading volume indicating interest in price range from $7.5 to $400. 4. Analysts have mixed target prices, averaging around $297.4. 5. COIN's price has decreased by 4.24%, potentially oversold.

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FAQ

Why Bearish?

The significant put volume and bearish sentiment suggest potential downward pressure on COIN's price. A similar trend occurred prior to notable corrections in the past.

How important is it?

The article highlights bearish options activity, indicating a shift in investor sentiment towards COIN. This bears significant importance for price movement and investor strategy.

Why Short Term?

The ongoing trend in options trading is likely to impact COIN's price in the near future. Previous instances of high put activity have led to rapid price movements.

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