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COIN

Coinbase Global, Inc.Close $155.50EOD only
Max Pain
$162.50
Next expiry Jun 12, 2026
Expected Move
±$9.32
6.0% from close
Price Gap
+7.00
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
0.76
Slightly call-heavy
Consensus
7.0/10
Bearish tilt
Published snapshot: Jun 9, 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 9, 2026 close
COIN Earnings Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

COIN earnings 51 days out; IV elevated, bearish net premium flow, but put/call ratios low. Historical beat rate 40%. Waiting for catalyst.

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.3% from MP; +0.5 VIX 20
Most important: Large put buys at deep OTM strikes $85 and $95 suggest hedging or bearish bets; call OI wall at $168-$200 caps upside.
🛡️Heavy put buying at $85/$95 strikes suggests macro hedging or bearish speculation.
📈Call buying at $162.5/$167.5 shows bullish conviction near resistance.
⚠️Net premium -$91M indicates bearish flow overall.

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 15,515 (19.6% below spot)

Earnings Overview

Next earnings: 2026-07-30 (51 days)explicit

Expected moves:

  • 2026-06-12 (3d): ±$9.32 (6.0%)
  • 2026-06-18 (9d): ±$14.68 (9.4%)
  • 2026-06-26 (17d): ±$19.47 (12.5%)

IV Setup

Term structure: Front-end elevated: 6% move priced for 3d, 9.4% for 9d, 12.5% for 17d.

Crush estimate: Expect 30-40% IV crush post-event; current IVs above 70% across expirations.

Skew: Put skew elevated; deep OTM puts (85,95) trade at IV 87-112%, indicating tail risk premium.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: No consistent data; 2/5 beats, moves have been volatile.

Directional bias: Mixed; 40% beat rate suggests no clear directional edge.

Key Levels

1$125.00 gamma flip
2EM guardrails: 2d $146.18/$164.82; 1w $140.82/$170.18
3Max pain pins: $162 (2026-06-12); $190 (2026-06-18); $170 (2026-06-26)

Flow Highlights

Unusual put volume in COIN 2026-08-21 $85 Put (4.6x OI) and 2026-06-26 $95 Put (3.0x OI).

Bearish positioning or tail hedging; OI surge suggests new risk being added.

Large call activity on 2026-06-12 $162.50 Call (1451 vol, 2.4x OI) and 2026-06-18 $167.50 Call (628 vol, 2.5x OI).

Bullish bets near resistance; may be selling premium or directional plays.

Strategies

Iron Condor on COIN
Sell 2026-06-18 $150.00/$143.00 put wing and $170.00/$180.00 call wing
Credit: $3.15-$3.84
Max loss: $6.16
Max gain: $3.84
BE: 146.16 / 173.84
Trigger: Exit if COIN breaks $143 or $180; monitor IV crush post-earnings. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.
Elevated front-end IV and neutral outlook make iron condor a strong risk-adjusted play.
Outperforms: Sell put spread $150/$143 and call spread $170/$180, profiting from range-bound move near max pain $162.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Regulatory risk: crypto-related lawsuits/bills.
!Bitcoin volatility; COIN correlation with BTC high.
!Low historical beat rate (40%).
!Large OI walls at $168-$200 calls and $90-$125 puts could pin price.

What to Watch

?BTC price action and regulatory news.
?Vol of vol; VIX at 20 indicates general fear.
?Gamma flip at $125 (put OI concentration); below that, dealer hedging could accelerate downside.
?Max pain at $162 for 2026-06-12 expiry.
How to Use These Reports
This earnings reflects the market close on June 9, 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.