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COIN

Coinbase Global, Inc.Close $164.13EOD only
Max Pain
$175.00
Next expiry Jun 5, 2026
Expected Move
±$5.17
3.1% from close
Price Gap
+10.87
Distance to max pain
IV Rank
21
Low premium
P/C OI
0.78
Slightly call-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Jun 4, 2026 close
End-of-day snapshot

This page reflects COIN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 4, 2026 close
COIN Earnings Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

COIN earnings 55d out; beat rate 40%; high IV; bearish flow with put heavy volume but call OI wall.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 10.4% from MP; +0.5 VIX 22
Most important: Gamma flip at $125; spot $152.85 below MP; large put volume at $150.
⚠️Large 0DTE call buys $155 (98x vol/OI) aggressive speculation.
🛡️Heavy put volume $150 (18.6k) strong hedging at support.
📉Spot below max pain; put OI $125 downside gamma risk.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$125.00 — Approx — based on put OI concentration of 15,509 (18.0% below spot)

Earnings Overview

Next earnings: 2026-07-30 (55 days)explicit

Expected moves:

  • 2026-06-12 (7d): ±$6.27 (4.1%)
  • 2026-06-18 (13d): ±$17.02 (11.2%)
  • 2026-06-26 (21d): ±$21.30 (14.0%)

IV Setup

Term structure: Short-dated IV elevated; longer-dated vols reflect binary earnings risk.

Crush estimate: Post-earnings crush ~30-40%.

Skew: Put skew elevated near term.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Avg move ~5.5% vs 4% implied.

Directional bias: Mixed; no clear bias.

Key Levels

1$125.00 gamma flip
2EM guardrails: 1w $146.12/$158.67
3Max pain pins: $170 (2026-06-05); $168 (2026-06-12); $190 (2026-06-18)

Flow Highlights

Large call buys at $155 (0DTE) and $160 (1w) with high vol/OI.

Speculative bullish positioning.

Heavy put volume at $150 and $152.5.

Hedging or bearish bets.

Strategies

Long Straddle
Buy 2026-08-21 $165.00 put + buy $165.00 call
Debit: $41.49-$50.71
Max loss: $50.71
Max gain: Unlimited
BE: 114.29 / 215.71
Trigger: Set stop loss at 50% premium decay; exit before earnings or at crush.
Best captures expected move > implied; high IV magnifies payoff.
Outperforms: Buy ATM call and put to profit from large earnings move regardless of direction.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Long Strangle
Buy 2026-08-21 $135.00 put + buy $200.00 call
Debit: $18.92-$23.13
Max loss: $23.13
Max gain: Unlimited
BE: 111.87 / 223.13
Trigger: Monitor gamma risk; adjust strikes if needed; exit on IV crush.
Lower cost than straddle; still benefits from high IV and large move.
Outperforms: Buy OTM call and put for cheaper but requires a bigger move to profit.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Spot below MP and EM guardrails.
!Gamma flip $125 risk if selloff accelerates.
!Call OI wall $168-$190 caps upside.
!Heavy put volume $150 suggests support but also hedging demand.

What to Watch

?Price action $150-$158.67
?Put volume $150-$152.5 for sustained hedging
?Gamma flip level $125
?Unusual call activity $160 for 6/12 expiry
?Bitcoin correlation (COIN proxy)
How to Use These Reports
This earnings reflects the market close on June 5, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.