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COIN

Coinbase Global, Inc.Close $155.50EOD only

Max Pain

$162.50

Next expiry Jun 12, 2026

Expected Move

±$9.32

6.0% from close

Price Gap

+7.00

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 9, 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 9, 2026 close

COIN Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.3% from MP; +0.5 VIX 20

Watch next session: $162.5 call activity; $85 put volume

Flow Summary

Net premium: -$91.1M bearish

P/C volume ratio: 0.81

P/C OI ratio: 0.76

COIN mixed flow: OTM put buying and near-dated calls, negative GEX, spot below MP, VIX elevated. Uncertainty persists.

Notable Prints

COIN 2026-08-21 $85.00 Put

Vol: 1,145

OI: 249

Vol/OI: 4.6x

IV: 87.3%

Notional: ~$152K

Intent: Bearish hedge

Read-through: Deep OTM put with high IV, bearish speculation

COIN 2026-06-18 $820.00 Call

Vol: 763

OI: 256

Vol/OI: 3.0x

IV: 343.0%

Notional: ~$763

Intent: Noise/irrational

Read-through: Worthless OTM call

COIN 2026-06-26 $95.00 Put

Vol: 529

OI: 174

Vol/OI: 3.0x

IV: 112.1%

Notional: ~$8K

Intent: Speculative put

Read-through: Near-term OTM put, bearish

COIN 2026-06-12 $152.50 Call

Vol: 446

OI: 154

Vol/OI: 2.9x

IV: 73.5%

Notional: ~$277K

Intent: Bullish directional

Read-through: ATM call active near expiration

COIN 2026-06-18 $167.50 Call

Vol: 628

OI: 252

Vol/OI: 2.5x

IV: 71.2%

Notional: ~$192K

Intent: Bullish speculation

Read-through: OTM call buying

Institutional Positioning

Call additions: OTM calls 820-245; ATM calls 152.5-167.5

Put additions: Deep OTM puts 85-95; ATM puts 133-152.5

GEX/DEX consistency: GEX -3.4M, DEX +29.2M shares; consistent with dealers hedging call buying

OI clusters: Put OI concentrated at 125 (gamma flip); call OI near 150-160

Hedging evidence: Unusual put prints suggest downside hedging; call prints may be speculative

Max pain context: Spot below MP; gamma flip 125; potential pin near 150

Signal vs Noise

~Negative GEX and positive DEX signal strong dealer hedging (real signal)

~OTM call prints at 820 are likely noise due to tiny premium

~Put volume lower than call volume but net premium negative due to IV skew

Key Conclusions

🚀Call buying at 152.5-167.5 shows bullish conviction in COIN ahead of expiry

📉Heavy put additions at 85-135 indicate downside hedging or bearish bets

How to Use These Reports

This flow reflects the market close on June 9, 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.