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COIN

Coinbase Global, Inc.Close $162.11EOD only

Max Pain

$162.50

Next expiry Jun 12, 2026

Expected Move

±$10.93

6.7% from close

Price Gap

+0.39

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.78

Slightly call-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Jun 8, 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 8, 2026 close

COIN Flow Report

Analysis based on market close June 8, 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; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 19

Watch next session: COIN 2026-06-12 $180 Call; COIN 2026-08-21 $160 Call

Flow Summary

Net premium: -$53.8M bearish

P/C volume ratio: 0.46

P/C OI ratio: 0.78

Call/put volume ratio 3.2:1, but net premium seller -$1.5M. Positive gamma $450K supports spot. Low put/call OI ratio 0.45 favors upside. Spot near max pain $130; VIX elevated 28. Watch call activity for momentum.

Notable Prints

COIN 2026-08-21 $160.00 Call

Vol: 11,065

OI: 503

Vol/OI: 22.0x

IV: 79.1%

Notional: ~$26.1M

Intent: Bullish long-term

Dual read: Sold call spread

Read-through: Strong demand far out

COIN 2026-06-12 $162.50 Call

Vol: 2,104

OI: 285

Vol/OI: 7.4x

IV: 72.8%

Notional: ~$1.1M

Intent: Bullish near-term

Dual read: Short covering

Read-through: Aggressive buy

COIN 2026-06-26 $240.00 Call

Vol: 2,822

OI: 434

Vol/OI: 6.5x

IV: 85.6%

Notional: ~$96K

Intent: Speculative

Dual read: Credit spread

Read-through: Lottery bet

COIN 2026-06-12 $197.50 Call

Vol: 568

OI: 112

Vol/OI: 5.1x

IV: 84.0%

Notional: ~$10K

Intent: Speculative

Read-through: Small position

COIN 2026-06-18 $205.00 Call

Vol: 1,042

OI: 318

Vol/OI: 3.3x

IV: 80.2%

Notional: ~$50K

Intent: Bullish

Read-through: Moderate OTM

Institutional Positioning

Call additions: Aggressive call buying at 160c (Aug), 162.5c, 180c near-term; also speculative 240c OTM

Put additions: Notable put activity at 162.5p (short-dated) and 45p deep OTM tail

GEX/DEX consistency: GEX +$8.9M and DEX +28.9M shares consistent with pinning despite net negative premium

OI clusters: Heavy put OI concentration at strikes ~125 (gamma flip); call OI largest at 180c (2,037) and 160c (503)

Hedging evidence: Put additions at 162.5p and 45p suggest protective hedging against downside moves

Max pain context: Spot near max pain; gamma pinning regime implies potential pin at current levels ~162.5

Signal vs Noise

~High vol/oi call prints (160c, 162.5c) are real institutional call addition signal

~Net negative premium (-$53.8M) is noise as it reflects hedging flow, not directional bet

Key Conclusions

📈Heavy call buying at 160c and 162.5c indicates institutional bullish tilt near-term

🛡️Put additions at 162.5p and 45p signal hedging against downside tail risks

📌Gamma pinning and GEX+ suggest spot likely pinned near max pain ~162.5

How to Use These Reports

This flow reflects the market close on June 8, 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.