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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 15, 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); +0.5 spot 1.3% from MP; +1 VIX 16

Watch next session: Call accumulation at 190/180 strikes; Gamma flip level at 125

Flow Summary

Net premium: -$79.8M bearish

P/C volume ratio: 0.56

P/C OI ratio: 0.76

Bullish call accumulation dominates despite net premium negative. Positive GEX and low put/call ratio reinforce upside. Focus on continued buying at near-term strikes and pinning behavior. Invalidation at gamma flip break.

Notable Prints

COIN 2026-06-26 $190.00 Call

Vol: 3,684

OI: 559

Vol/OI: 6.6x

IV: 68.5%

Notional: ~$799K

Intent: Bullish

Dual read: Hedge short

Read-through: Stock >190

COIN 2026-07-17 $240.00 Call

Vol: 10,711

OI: 2,121

Vol/OI: 5.0x

IV: 75.5%

Notional: ~$1.3M

Intent: Bullish

Dual read: LEAPS

Read-through: Target $240

COIN 2026-06-18 $192.50 Call

Vol: 1,121

OI: 225

Vol/OI: 5.0x

IV: 79.1%

Notional: ~$47K

Intent: Aggressive

Dual read: Gamma play

Read-through: Spot up by Fri

COIN 2026-07-02 $100.00 Put

Vol: 1,120

OI: 269

Vol/OI: 4.2x

IV: 104.3%

Notional: ~$18K

Intent: Hedge

Dual read: Tail risk

Read-through: Downside protection

COIN 2026-06-26 $180.00 Call

Vol: 1,603

OI: 410

Vol/OI: 3.9x

IV: 66.8%

Notional: ~$657K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying on COIN with vol/oi ratios >3x at strikes 190, 240, 180, 172.5, 182.5, 192.5.

Put additions: Notable put activity at 100 strike (vol/oi 4.2) and large put prints at 340 and 300 (hedging).

GEX/DEX consistency: Consistent: GEX +22.6M, DEX +28.8M shares both positive, supporting pinning.

OI clusters: Main put OI concentration at ~125 (26.3% below spot), suggests downside support. Call OI not provided but inferred from high volume.

Hedging evidence: Large put premiums at 340 and 300 strikes with high IV indicate tail hedges.

Max pain context: Spot above Max Pain; positive GEX suggests pinning near current levels.

Signal vs Noise

~High call vol/oi on OTM strikes is real bullish accumulation.

~Put OI cluster below spot signals hedging pressure, not bearish conviction.

~Elevated VIX and extreme put IV are noise from broader market uncertainty.

Key Conclusions

📈Institutions adding upside calls aggressively on COIN amid renewed tech rally.

⚠️Put-heavy OI below spot cautions of hedging despite call flows.

❓Elevated VIX and high put IV create uncertainty in pinning path.

How to Use These Reports

This flow reflects the market close on June 15, 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.