Home Options COINReports

COIN

Coinbase Global, Inc.Close $164.13EOD only

Max Pain

$175.00

Next expiry Jun 5, 2026

Expected Move

±$5.17

3.1% from close

Price Gap

+10.87

Distance to max pain

IV Rank

Low premium

P/C OI

0.78

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 4, 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 4, 2026 close

COIN Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 10.4% from MP; +0.5 VIX 22

Watch next session: Monitor gamma flip at 125; Watch spot hold 150

Flow Summary

Net premium: -$174.1M bearish

P/C volume ratio: 1.13

P/C OI ratio: 0.73

Heavy put volume and negative net premium reflect bearish flow. Spot below MP; VIX elevated. Aggressive put selling at 150-152.5 suggests downside hedging. Key level 150; break below confirms. Reversal above 155 invalidates.

Notable Prints

COIN 2026-06-05 $155.00 Call

Vol: 9,800

OI: 100

Vol/OI: 98.0x

IV: 16.0%

Notional: ~$10K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-12 $160.00 Call

Vol: 4,710

OI: 105

Vol/OI: 44.9x

IV: 69.0%

Notional: ~$1.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-05 $160.00 Call

Vol: 5,689

OI: 227

Vol/OI: 25.1x

IV: 39.1%

Notional: ~$6K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-05 $148.00 Put

Vol: 2,777

OI: 145

Vol/OI: 19.1x

IV: 25.8%

Notional: ~$3K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-05 $149.00 Put

Vol: 5,369

OI: 303

Vol/OI: 17.7x

IV: 20.3%

Notional: ~$5K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy 6/12 $160/$165 call buying (47k, 35k vol) suggests bullish bets on recovery.

Put additions: Massive 6/5 put volume at $150 (18.6k) and $152.5 (7.6k) indicates aggressive hedging near spot.

GEX/DEX consistency: Negative GEX (-18.7M) aligns with bearish flow; positive DEX (+30M shares) contradicts, hinting at long spot with short puts.

OI clusters: Largest OI: $150 put (1,674), $152.5 put (475), $147 put (408). Gamma flip at $125 suggests heavy support below.

Hedging evidence: Short-dated puts (0DTE) with high volume vs low OI signal panic hedging. Collar likely via 6/5 calls at $160+ worthless.

Max pain context: MP around $151; spot at $149 (below MP). Pin to $150 likely with heavy put OI acting as resistance.

Signal vs Noise

~Signal: Massive put buying on 6/5 $150-$152.5 is real hedging or bearish conviction.

~Noise: 6/5 $155 call (98x vol/OI) is worthless lottery ticket; ignore.

~Signal: 6/12 call buying with elevated IV suggests positioning for a bounce.

~Noise: Low OI on unusual prints means little conviction; focus on cumulative flow.

Key Conclusions

🛡️Heavy put addition near MP signals defensive positioning; expect pinning to $150.

📈6/12 call buying suggests institutional bets on a recovery post-expiry; monitor IV.

How to Use These Reports

This flow reflects the market close on June 5, 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.