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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 10, 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; -0.5 spot 3.8% from MP

Watch next session: 160 strike; 140 put; gamma flip 125

Flow Summary

Net premium: -$80.9M bearish

P/C volume ratio: 0.53

P/C OI ratio: 0.76

COIN sees heavy call buying in June 18 $157.5-$167.5 strikes (vol/OI up to 17.6x) alongside moderate July $140 put accumulation. Negative net premium (-$80.9M) and short gamma (-$9.4M) amplify directional risk. Spot below MP but dealers long delta (29.4M shares) suggests potential squeeze if bullish flow persists.

Notable Prints

COIN 2026-06-18 $157.50 Call

Vol: 2,380

OI: 135

Vol/OI: 17.6x

IV: 72.6%

Notional: ~$1.3M

Intent: Aggressive bullish speculation near expiry

Dual read: Could also be short covering or volatility play

Read-through: Strong bullish conviction despite market downturn

COIN 2026-06-18 $167.50 Call

Vol: 4,443

OI: 566

Vol/OI: 7.8x

IV: 72.4%

Notional: ~$1.2M

Intent: Bullish momentum following lower strike flow

Read-through: Continued call buying suggests upside target in $160-$170 range

COIN 2026-07-17 $460.00 Call

Vol: 380

OI: 100

Vol/OI: 3.8x

IV: 127.5%

Notional: ~$2K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-18 $160.00 Call

Vol: 4,680

OI: 1,348

Vol/OI: 3.5x

IV: 72.9%

Notional: ~$2.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-12 $162.50 Call

Vol: 2,036

OI: 666

Vol/OI: 3.1x

IV: 70.9%

Notional: ~$234K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls at $157.5-$167.5 for June 18; high vol/oi prints

Put additions: Puts at $155 June 12 and $140 July; hedge positioning

GEX/DEX consistency: GEX -$9.4M vs DEX +29.4M shares; flow aligns with hedging

OI clusters: $160 call (1,348), $165 call (1,045); $155 put (1,851) largest OI

Hedging evidence: July $140 put adds 4,179 vol; collar protection

Max pain context: Spot $159, MP ~$165; -3.8% below; negative gamma aids pin

Signal vs Noise

~Signal: Near-term call accumulation at $160-$167.5 with strong vol/oi; Noise: Far OTM July $460 call with low OI and high IV

Key Conclusions

📈Call accumulation near MP suggests support but hedging caps upside

⚠️July $140 put hedging and negative GEX limit upside; pin to MP likely

How to Use These Reports

This flow reflects the market close on June 10, 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.