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COIN

Coinbase Global, Inc.Close $159.78EOD only

Max Pain

$167.50

Next expiry Jun 18, 2026

Expected Move

±$11.12

7.0% from close

Price Gap

+7.72

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.74

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Jun 12, 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 12, 2026 close

COIN Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.3% from MP; +0.5 VIX 19

Watch next session: Monitor OTM put unwinding; Watch for call OI expansion

Flow Summary

Net premium: -$167.7M bearish

P/C volume ratio: 0.66

P/C OI ratio: 0.75

Mixed flow: net negative premium but positive gamma. Heavy OTM put buying (likely hedging) alongside decent call activity. Spot near max pain. High vol regime with pinning. Market up strongly, but put protection suggests caution.

Notable Prints

COIN 2026-06-18 $290.00 Put

Vol: 1,938

OI: 319

Vol/OI: 6.1x

IV: 193.3%

Notional: ~$25.0M

Intent: Bearish speculation

Read-through: Skew pricing tail risk

COIN 2026-06-18 $270.00 Put

Vol: 2,040

OI: 340

Vol/OI: 6.0x

IV: 182.7%

Notional: ~$23.1M

Intent: Bearish put spread

Read-through: Downside bias

COIN 2026-06-18 $340.00 Put

Vol: 1,742

OI: 288

Vol/OI: 6.0x

IV: 258.7%

Notional: ~$31.5M

Intent: Bearish hedge

Read-through: Deep out-of-money bet

COIN 2026-06-18 $300.00 Put

Vol: 703

OI: 122

Vol/OI: 5.8x

IV: 211.6%

Notional: ~$9.8M

Intent: Bearish

Read-through: Reinforces put demand

COIN 2026-06-18 $260.00 Put

Vol: 631

OI: 111

Vol/OI: 5.7x

IV: 168.3%

Notional: ~$6.3M

Intent: Bearish ladder

Read-through: Consistent bearishness

Institutional Positioning

Call additions: Near-term calls at 162.5 (4.3x) & 155 (2.6x) suggest bullish positioning near spot.

Put additions: OTM puts 260-340 (5.7-6.1x) for downside hedging; lower puts 148-152.5 for protection.

GEX/DEX consistency: GEX +$8.2M & DEX +29M shares positive, consistent with gamma pinning; net premium negative.

OI clusters: Put OI heavy at 260-340 & 152.5; call OI at 162.5 & 155.

Hedging evidence: Deep OTM puts (1938 at $290, 1742 at $340) show institutional hedging.

Max pain context: Spot at MP; gamma flip at 125; pinning near current levels.

Signal vs Noise

~OTM put volume is hedging, not directional.

~Call volume at 162.5 is bullish signal.

Key Conclusions

🚧Institutions hedge with deep OTM puts (260-340).

📈Bullish call accumulation at 162.5 & 155 near MP.

🔵Positive GEX/DEX reinforce pinning near max pain.

How to Use These Reports

This flow reflects the market close on June 11, 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.