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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 12, 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; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.1% from MP; +1 VIX 18

Watch next session: $172.5 Call; $162.5 Call; $157.5 Put

Flow Summary

Net premium: -$121.3M bearish

P/C volume ratio: 0.62

P/C OI ratio: 0.74

COIN sees bullish call flow with heavy open interest, positive GEX, and low VIX pinning near max pain. Negative net premium and deep OTM puts add caution, confirming mixed flow regime. Key gamma level at $125.

Notable Prints

COIN 2026-06-18 $172.50 Call

Vol: 4,190

OI: 328

Vol/OI: 12.8x

IV: 65.9%

Notional: ~$712K

Intent: Bullish speculation

Read-through: OTM call buying

COIN 2026-06-12 $162.50 Call

Vol: 8,415

OI: 1,039

Vol/OI: 8.1x

IV: 15.6%

Notional: ~$17K

Intent: Closing short calls

Read-through: Expiration covering

COIN 2026-06-18 $157.50 Put

Vol: 1,203

OI: 161

Vol/OI: 7.5x

IV: 62.1%

Notional: ~$533K

Intent: Bearish bet

Dual read: Hedge

Read-through: OTM put volume

COIN 2026-06-18 $162.50 Call

Vol: 4,199

OI: 709

Vol/OI: 5.9x

IV: 64.4%

Notional: ~$1.9M

Intent: Bullish speculation

Read-through: OTM call volume

COIN 2026-06-12 $152.50 Put

Vol: 4,374

OI: 860

Vol/OI: 5.1x

IV: 38.3%

Notional: ~$4K

Intent: Closing puts

Read-through: Expiring worthless

Institutional Positioning

Call additions: Active 6/18 $162.5-$172.5C; weekly $162.5C expiring 6/12

Put additions: 6/18 $157.5P; far OTM puts ($60, $290, $340) for hedging

GEX/DEX consistency: GEX +$7.7M, DEX +29.3M shares consistent with pinning; net premium negative contradicts

OI clusters: OI concentrated near spot; gamma flip at $125

Hedging evidence: Far OTM puts (60,290,340) with extreme IV indicate downside hedging

Max pain context: Spot at MP (~$162.5); weekly pin likely

Signal vs Noise

~Signal: GEX positive, spot at MP; net premium negative and put volume high

~Noise: Weekly 6/12 $162.5C expiring worthless; far OTM puts with low delta

~Signal: Unusual prints with high vol/oi ratio in 6/18 calls and puts

Key Conclusions

📌Bullish pinning signal: GEX positive, spot at MP, confidence 7/10

⚖️Net premium negative (-$121M) and put buying suggest institutional hedging bias

⚠️Far OTM puts with high IV likely speculative tail hedges, not directional

How to Use These Reports

This flow reflects the market close on June 12, 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.