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COIN

Coinbase Global, Inc.Close $201.80EOD only

Max Pain

$195.00

Next expiry May 15, 2026

Expected Move

±$11.60

5.8% from close

Price Gap

-6.80

Distance to max pain

IV Rank

100

High premium

P/C OI

0.70

Slightly call-heavy

Consensus

5.0/10

Range bias

Published snapshot: May 13, 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

May 13, 2026 close

COIN Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.7% from MP; +1 VIX 17; override: Very heavy unusual call buying across strikes and expirations, very low put/call ratio, positive GEX and DEX

Watch next session: Monitor continued call activity on 5/22 strikes; Check OI build on 5/29 calls

Flow Summary

Net premium: +$132.2M bullish

P/C volume ratio: 0.24

P/C OI ratio: 0.71

Massive call buying dominates, with multiple unusually high volume trades on COIN 5/22 and 5/29 calls. Net premium $132M positive, put/call volume ratio 0.24. GEX +$54.3M, DEX +31.2M shares. Spot at $212.98, above gamma flip $170. Regime indicates bullish flow with pinning. Confidence high.

Notable Prints

COIN 2026-05-22 $222.50 Call

Vol: 14,624

OI: 371

Vol/OI: 39.4x

IV: 77.2%

Notional: ~$9.0M

Intent: Bullish accumulation

Dual read: Speculation

Read-through: High vol/oi ratio

COIN 2026-05-22 $235.00 Call

Vol: 6,021

OI: 229

Vol/OI: 26.3x

IV: 80.7%

Notional: ~$2.0M

Intent: Bullish speculation

Dual read: Speculation

Read-through: High vol/oi

COIN 2026-05-22 $232.50 Call

Vol: 13,016

OI: 502

Vol/OI: 25.9x

IV: 80.0%

Notional: ~$4.9M

Intent: Bullish speculation

Dual read: Speculation

Read-through: High vol/oi

COIN 2026-05-29 $270.00 Call

Vol: 9,806

OI: 563

Vol/OI: 17.4x

IV: 86.0%

Notional: ~$1.6M

Intent: Speculative long vol

Dual read: Speculation

Read-through: High IV, OTM

COIN 2026-05-22 $225.00 Call

Vol: 8,700

OI: 706

Vol/OI: 12.3x

IV: 77.7%

Notional: ~$4.6M

Intent: Bullish accumulation

Dual read: Speculation

Read-through: High vol/oi

Institutional Positioning

Call additions: Heavy call buying at 222.5/232.5/235 for 5/22; also 5/29 270 call

Put additions: Modest puts at 215 and 217.5 for 5/15

GEX/DEX consistency: GEX +$54.3M, DEX +31.2M shares; flow consistent with bullish calls

OI clusters: Largest OI: 225 call (706), 222.5 call (526), 232.5 call (502), 270 call (563); put OI at 215 (351)

Hedging evidence: Put activity at 215/217.5 suggests downside hedging

Max pain context: Spot above max pain; gamma pinning, bullish flow

Signal vs Noise

~Heavy call accumulation at 222.5/232.5/235 for 5/22 is real bullish signal

~Put hedging at 215/217.5 indicates downside protection

~Low OI prints like 5/15 247.5 call are noise

Key Conclusions

🚀Aggressive call buying in 5/22 strikes signal near-term upside conviction

🛡️Put activity at 215/217.5 reveals hedging but not bearish bet

How to Use These Reports

This flow reflects the market close on May 14, 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.