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COIN

Coinbase Global, Inc.Close $169.62EOD only

Max Pain

$167.50

Next expiry Jun 18, 2026

Expected Move

±$9.67

5.7% from close

Price Gap

-2.12

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

COIN Flow Report

Analysis based on market close June 16, 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 1.1% from MP; +1 VIX 16

Flow Summary

Net premium: -$68.5M bearish

P/C volume ratio: 0.92

P/C OI ratio: 0.74

Heavy put flow and negative net premium indicate bearish lean. Market weakness reinforces downside risk. Watch for break below 170 to confirm.

Notable Prints

COIN 2026-06-26 $175.00 Put

Vol: 4,799

OI: 471

Vol/OI: 10.2x

IV: 64.8%

Notional: ~$4.8M

Intent: Bearish put buy

Dual read: or protective

Read-through: Expects drop below 175

COIN 2026-06-26 $185.00 Call

Vol: 3,881

OI: 454

Vol/OI: 8.6x

IV: 67.8%

Notional: ~$1.1M

Intent: Bullish call buy

Dual read: or short

Read-through: Expects rise above 185

COIN 2026-06-26 $177.50 Call

Vol: 4,070

OI: 502

Vol/OI: 8.1x

IV: 68.9%

Notional: ~$2.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-26 $152.50 Put

Vol: 4,847

OI: 760

Vol/OI: 6.4x

IV: 65.8%

Notional: ~$785K

Intent: Bearish put buy

Dual read: or put spread

Read-through: Expects drop to 152.5

COIN 2026-07-10 $95.00 Put

Vol: 1,501

OI: 365

Vol/OI: 4.1x

IV: 103.0%

Notional: ~$45K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Upside strikes $185, $177.5, $167.5 calls with high vol/oi ratios.

Put additions: Puts at $175, $170, $152.5 added; deep OTM $95 put speculative.

GEX/DEX consistency: Positive GEX ($28.1M) and DEX (29.3M shares) consistent, dealers net long gamma.

OI clusters: Largest OI: $170 put (1,649), $185 call (454). Gamma flip at $125 from put concentration.

Hedging evidence: Put/call pairs e.g. $175 put / $185 call suggest collar hedging.

Max pain context: Spot above MP; GEX positive pinning favors mean reversion or pin.

Signal vs Noise

~Signal: $175 put, $185 call, $170 put prints with high vol/oi indicate institutional flow.

~Noise: $95 put and $75 call have low OI and are likely speculative lottery plays.

Key Conclusions

🐂Bullish call accumulation at $185 and $177.5 reflects upside positioning.

🛡️Heavy put buying at $170 and $175 signals downside hedging or caution.

📍Mixed flow but positive GEX and DEX pin spot near current levels.

How to Use These Reports

This flow reflects the market close on June 16, 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.