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COIN

Coinbase Global, Inc.Close $169.27EOD only
Max Pain
$167.50
Next expiry Jun 18, 2026
Expected Move
±$8.20
4.8% from close
Price Gap
-1.77
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
0.74
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Jun 16, 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 16, 2026 close
COIN Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

COIN earnings 43d out; high IV, mixed flow with heavy OTM put/call activity; beat rate 40%.

Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.5% from MP; +0.5 VIX 18
Most important: Conflicting signals: deep OTM put buying on 6/18 vs call buying on 6/26.
⚠️Deep OTM puts indicate downside hedges despite long-dated event.
📈Call buying on 6/26 $182.50 shows upside speculation pre-earnings.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$125.00 — Approx — based on put OI concentration of 15,515 (24.2% below spot)

Earnings Overview

Next earnings: 2026-07-30 (43 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$5.70 (3.5%)
  • 2026-06-26 (9d): ±$13.55 (8.2%)
  • 2026-07-02 (15d): ±$17.58 (10.7%)

IV Setup

Term structure: Front-end IV spiking due to put activity; back-end building toward earnings.

Crush estimate: Significant post-earnings crush; 43 days of premium accumulation.

Skew: OTM put skew extreme on 6/18; call skew flat on 6/26.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Not available; historical moves often exceed implied.

Directional bias: Neutral; low beat rate but large swings.

Key Levels

1$125.00 gamma flip
2EM guardrails: 2d $159.22/$170.61; 1w $151.36/$178.46
3Max pain pins: $168 (2026-06-18); $175 (2026-06-26); $165 (2026-07-02)

Flow Highlights

6792 vol vs 574 OI on COIN 6/26 $182.50 Call

Bullish speculation or delta hedge pre-crypto catalyst.

4152 vol on COIN 6/18 $240 Put at 299% IV

Bearish hedge or tail risk positioning.

Strategies

Neutral Iron Condor
Sell 2026-07-24 $155.00/$150.00 put wing and $180.00/$185.00 call wing
Credit: $2.97-$3.63
Max loss: $1.37
Max gain: $3.63
BE: 151.37 / 183.63
Trigger: Close at 50% max gain or adjust if break any wing
Defined risk, high IV, neutral bias suits COIN's large swings
Outperforms: Sells put spread and call spread to capture premium from high IV
Underperforms: Move outside short strikes invalidates range thesis.
Long strangle
Buy 2026-08-21 $145.00 put + buy $165.00 call
Debit: $27.02-$33.03
Max loss: $33.03
Max gain: Unlimited
BE: 111.97 / 198.03
Avoids pin risk, benefits from large asymmetric move.
Outperforms: Cheaper vol structure with wider strikes.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Large deep OTM put OI ($240-$300) may act as downside resistance.
!Negative net premium suggests institutional hedging pressure.
!Gamma pinning near $168 could cap near-term upside.

What to Watch

?Spot vs $168 max pain (6/18 expiry).
?Continued call accumulation on 6/26 $182.50.
?Crypto price action as catalyst for vol.
How to Use These Reports
This earnings reflects the market close on June 17, 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.