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COIN

Coinbase Global, Inc.Close $159.78EOD only
Max Pain
$167.50
Next expiry Jun 18, 2026
Expected Move
±$11.12
7.0% from close
Price Gap
+7.72
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.74
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: Jun 12, 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 12, 2026 close
COIN Earnings Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings 48 days away; mixed flow with call dominance but net selling; low historical beat rate; IV elevated.

Confidence:
7 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.1% from MP; +1 VIX 18
Most important: Flow shows large speculative call activity but net negative premium; gamma pinning near $160-$170.
🟢Large call buying at $172.5C far OTM
🔴Deep OTM puts active; tail risk hedging
⚪Historical beat rate 40% (2/5 quarters)

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
At
Gamma flip: ~$125.00 — Approx — based on put OI concentration of 15,515 (21.8% below spot)

Earnings Overview

Next earnings: 2026-07-30 (48 days)explicit

Expected moves:

  • 2026-06-18 (6d): ±$11.12 (7.0%)
  • 2026-06-26 (14d): ±$16.78 (10.5%)
  • 2026-07-02 (20d): ±$20.50 (12.8%)

IV Setup

Term structure: Upward sloping; 6d ±7%, 14d ±10.5%, 20d ±12.8%

Crush estimate: Estimated 30-40% IV crush post-earnings

Skew: Put skew elevated; deep OTM puts active

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Not available; beat rate 40% (2/5 quarters)

Directional bias: Slight bearish bias due to low beat rate

Key Levels

1$125.00 gamma flip
2EM guardrails: 1w $148.65/$170.90
3Max pain pins: $160 (2026-06-12); $168 (2026-06-18); $170 (2026-06-26)

Flow Highlights

Large call opening at $172.5C (12.8x OI)

Bullish speculation; size suggests conviction

Deep OTM put sweep at $60P (3.8x OI)

Hedging or tail risk positioning

Strategies

Iron Condor
Sell 2026-06-26 $150.00/$141.00 put wing and $172.50/$185.00 call wing
Credit: $4.01-$4.90
Max loss: $7.60
Max gain: $4.90
BE: 145.10 / 177.40
Trigger: Close early if IV drops or price approaches wings.
Limited risk, fits low beat rate & net negative flow; IV crush works in favor.
Outperforms: Sells wings outside expected move; benefits from IV contraction and low implied move.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-06-26 $150.00 put + sell $172.50 call
Credit: $7.36-$8.99
Max loss: Unlimited
Max gain: $8.99
BE: 141.01 / 181.49
Trigger: Monitor delta exposure and consider adjusting if price nears strikes.
Higher premium but unlimited risk; only suitable with strong conviction of low move.
Outperforms: Sells naked options to capture elevated IV premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Gamma pinning at $160, $168, $170
!Support $143; resistance $160-170
!Net negative premium (-$121M) suggests institutional selling

What to Watch

?Price reaction at $160-$170 zone
?Crypto volatility correlation
?Earnings-specific catalysts (crypto regulation, BTC price)
How to Use These Reports
This earnings reflects the market close on June 12, 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.