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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

COIN earnings 45d out; IV elevated; call buying at $190-$240; put floor $90-$125; gamma pin $168.

Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 16
Most important: Unusual call volume bullish but low beat rate (40%) warrants caution.
📈10711 $240C vol 5x OI: bullish asymmetry.
🛡️$340P 753 vol at 362% IV: tail hedge or vol play.
⚠️40% beat rate: historical downside risk.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$125.00 — Approx — based on put OI concentration of 15,515 (26.3% below spot)

Earnings Overview

Next earnings: 2026-07-30 (45 days)explicit

Expected moves:

  • 2026-06-18 (3d): ±$9.67 (5.7%)
  • 2026-06-26 (11d): ±$16.05 (9.5%)
  • 2026-07-02 (17d): ±$19.67 (11.6%)

IV Setup

Term structure: Upward sloping, near-term IV ~68%, longer-term ~75%+.

Crush estimate: Moderate crush 15-25% post-earnings.

Skew: Put skew high at deep OTM; call walls $190-$250.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Avg move ~8.2%, beat rate 40%.

Directional bias: Slight bullish from recent call flow.

Key Levels

1$125.00 gamma flip
2EM guardrails: 2d $159.94/$179.29
3Max pain pins: $168 (2026-06-18); $165 (2026-06-26); $165 (2026-07-02)

Flow Highlights

Large call buying at $190 and $240 strikes.

Bullish bets on upside above current levels.

Deep ITM put buying at $340 strike.

Hedging or long vol speculation.

Strategies

Short strangle on COIN
Sell 2026-07-24 $150.00 put + sell $190.00 call
Credit: $12.67-$15.48
Max loss: Unlimited
Max gain: $15.48
BE: 134.52 / 205.48
Trigger: Monitor gamma risk; close if COIN breaches $150 or $190 ahead of expiry.
Only eligible strategy; maximizes premium from elevated IV with non-directional bias, suitable for earnings.
Outperforms: Sells $150 put and $190 call to capture premium and IV crush ahead of earnings, betting on contained move.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Gamma pin at $168; flip below $125 risk.
!Call resistance at $190-$250.
!Put support at $90-$125.

What to Watch

?Price reaction at $168 max pain.
?Continued call accumulation at high strikes.
?BTC/vol correlation.
How to Use These Reports
This earnings reflects the market close on June 15, 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.