This Is What Whales Are Betting On Coinbase Global

This Is What Whales Are Betting On Coinbase Global

A whale with a lot of money to spend has taken a noticeably bearish stance on Coinbase Global.

Looking at options history for Coinbase Global (NASDAQ:COIN) we detected 89 strange trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 76 are puts, for a total amount of $15,024,612 and 13, calls, for a total amount of $517,521.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $520.0 for Coinbase Global over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful …

Full story available on Benzinga.com