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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 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings 50d out; current flow mixed with call buying and put hedging.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.8% from MP
Most important: Gamma flip at $125; call OI wall $168-$190.
🚨Deep ITM call Jun26 $75 (IV 216%): likely arbitrage.
📊Call OI wall $168-$190 signals resistance.

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 (18.8% below spot)

Earnings Overview

Next earnings: 2026-07-30 (50 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$7.70 (5.0%)
  • 2026-06-18 (8d): ±$13.97 (9.1%)
  • 2026-06-26 (16d): ±$18.45 (12.0%)

IV Setup

Term structure: Flat near-term; earnings distant, no pre-earnings ramp.

Crush estimate: N/A - event far out.

Skew: Calls elevated on Jun18; puts active at $140 Jul.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Not available; beat rate 40%.

Directional bias: Volatile; no clear bias.

Key Levels

1$125.00 gamma flip
2EM guardrails: 2d $146.27/$161.67; 1w $140.00/$167.95
3Max pain pins: $160 (2026-06-12); $185 (2026-06-18); $170 (2026-06-26)

Flow Highlights

Large call buys on Jun18 $157.5 (17.6x OI), $167.5 (7.8x), $160 (3.5x).

Bullish speculation near expiry.

Heavy put volume on Jul $140 (2.3x OI).

Hedging against downside.

Strategies

Straddle
Buy 2026-08-21 $165.00 put + buy $165.00 call
Debit: $39.15-$47.85
Max loss: $47.85
Max gain: Unlimited
BE: 117.15 / 212.85
Trigger: Monitor IV crush; consider adjusting strikes if spot drifts.
Unlimited upside from any large move; earnings distant but event-driven profit potential.
Outperforms: Long straddle at $165 to capture volatility expansion regardless of direction.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Strangle
Buy 2026-08-21 $140.00 put + buy $195.00 call
Debit: $19.93-$24.37
Max loss: $24.37
Max gain: Unlimited
BE: 115.63 / 219.37
Trigger: Roll strikes if spot approaches; exit before earnings if IV spikes.
Lower cost than straddle; strikes near gamma flip and call wall for defined breakouts.
Outperforms: Long strangle with $140 put and $195 call to profit from sharp moves outside range.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Gamma flip at $125: potential selloff.
!Spot below max pain $160/$185 for near expiries.
!High VIX (22.2) amplifies moves.

What to Watch

?Spot around $160 resistance, $135 support.
?Earnings Jul30: monitor IV expansion.
?Jun18 call OI pinning.
How to Use These Reports
This earnings reflects the market close on June 10, 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.