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COIN

Coinbase Global, Inc.Close $158.18EOD only
Max Pain
$167.50
Next expiry Jun 26, 2026
Expected Move
±$8.90
5.6% from close
Price Gap
+9.32
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.88
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Jun 23, 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 23, 2026 close
COIN Earnings Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

COIN earnings 36 days out; low beat rate (40%) but bullish call flow. Spot below max pain.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 10.4% from MP; +0.5 VIX 19
Most important: Call buying on 07/02 $155 (86.5x vol/OI) is the key signal.
📈07/02 $155 call surge: bullish positioning but low beat rate
🔻Heavy put OI at $100 and $135: downside protection

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 15,507 (16.7% below spot)

Earnings Overview

Next earnings: 2026-07-30 (36 days)explicit

Expected moves:

  • 2026-06-26 (2d): ±$7.42 (4.9%)
  • 2026-07-02 (8d): ±$13.23 (8.8%)
  • 2026-07-10 (16d): ±$17.67 (11.8%)

IV Setup

Term structure: Upward sloping, front-month IV ~70%

Crush estimate: 10-15% post-earnings

Skew: Put skew elevated below $145

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Not available

Directional bias: Mixed, call flow bullish but low beat rate

Key Levels

1$125.00 gamma flip
2EM guardrails: 2d $142.69/$157.54; 1w $136.89/$163.34
3Max pain pins: $168 (2026-06-26); $162 (2026-07-02); $155 (2026-07-10)

Flow Highlights

07/02 $155 call: 9,347 vol vs 108 OI

Aggressive bullish bet

07/17 $100 put: 17,107 vol vs 3,035 OI

Tail hedge

Strategies

Bull call spread
Buy 2026-07-31 $160.00/$185.00 call spread
Debit: $5.38-$6.57
Max loss: $6.57
Max gain: $18.43
BE: $166.57
Trigger: Exit if spot falls below invalidation $132.44; take profit near max gain.
Directly capitalizes on heavy 07/02 $155 call flow, low cost, defined risk.
Outperforms: Bullish bet on earnings upside with limited downside.
Underperforms: Loss of support weakens upside continuation thesis.
Long straddle
Buy 2026-08-21 $160.00 put + buy $160.00 call
Debit: $33.84-$41.36
Max loss: $41.36
Max gain: Unlimited
BE: 118.64 / 201.36
Trigger: Manage via delta hedging; close before earnings to avoid crush.
Captures large move from mixed signals and high IV; liquid strike.
Outperforms: Non-directional play on volatility expansion post-earnings.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Bear put spread
Buy 2026-07-31 $150.00/$135.00 put spread
Debit: $5.85-$7.15
Max loss: $7.15
Max gain: $7.85
BE: $142.85
Trigger: Exit if spot rises above $160; let run toward max gain.
Hedges against low beat rate; cheap protection.
Outperforms: Bearish bet on earnings miss with capped risk.
Underperforms: Trade above resistance weakens downside thesis.

Risk Assessment

!Low beat rate (40%)
!Spot 10% below max pain
!QQQ -0.42%
!Net -$51M premium

What to Watch

?$155 strike action
?Gamma flip $125
?Call flow on 07/02
?EM guardrails $142.69/$157.54
How to Use These Reports
This earnings reflects the market close on June 24, 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.