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COIN

Coinbase Global, Inc.Close $183.00EOD only

Max Pain

$190.00

Next expiry Oct 9, 2026

Expected Move

±$10.80

5.9% from close

Price Gap

+7.00

Distance to max pain

IV Rank

Low premium

P/C OI

0.85

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Oct 2, 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

Oct 2, 2026 close

COIN Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 5.4% from MP; +0.5 VIX 18

Watch next session: 125 gamma flip; 140 support; 150 call wall; 155 MP

Flow Summary

Net premium: -$69.7M bearish

P/C volume ratio: 1.25

P/C OI ratio: 0.84

Bearish flow with -69.7M net premium and 1.25 put/call volume ratio. Negative gamma (-9.6M) aligns with bearish regime. Heavy put volume contrasts with notable call buying at 150. Key risk is downside to gamma flip near 125. Invalidation above 150.

Notable Prints

COIN 2026-06-26 $146.00 Call

Vol: 2,180

OI: 138

Vol/OI: 15.8x

IV: 82.2%

Notional: ~$623K

Intent: Sell

Read-through: Bearish

COIN 2026-06-26 $144.00 Call

Vol: 1,582

OI: 138

Vol/OI: 11.5x

IV: 81.5%

Notional: ~$601K

Intent: Sell

Read-through: Bearish

COIN 2026-06-26 $149.00 Call

Vol: 1,606

OI: 168

Vol/OI: 9.6x

IV: 27.0%

Notional: ~$64K

Intent: Sell

Read-through: Bearish

COIN 2026-06-26 $148.00 Call

Vol: 2,073

OI: 250

Vol/OI: 8.3x

IV: 35.1%

Notional: ~$311K

Intent: Sell

Read-through: Bearish

COIN 2026-06-26 $150.00 Call

Vol: 5,474

OI: 685

Vol/OI: 8.0x

IV: 14.6%

Notional: ~$66K

Intent: Sell

Read-through: Bearish

Institutional Positioning

Call additions: Heavy OTM call buying at 143-150 on 0DTE

Put additions: Puts at 139,146,147

GEX/DEX consistency: Bearish flow aligns with neg GEX; DEX +25.5M shares long deltas

OI clusters: Largest OI: $150c 685, $146p 476, $147p 433

Hedging evidence: Downside puts at 147,139

Max pain context: Spot below MP, possible pinning near 146-148

Signal vs Noise

~Volume/OI ratios >5 on multiple strikes indicate real flow

~Low OI but high volume on 0DTE suggests speculative activity

Key Conclusions

📉Net premium -$69.7M and put/call vol ratio 1.25 signal bearish bias

⚠️Negative GEX (-$9.6M) amplifies downside risk if spot breaks support

🛡️Hedging via puts at 147,139 suggests cautious positioning

How to Use These Reports

This flow reflects the market close on June 26, 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.