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COIN

Coinbase Global, Inc.Close $169.27EOD only

Max Pain

$167.50

Next expiry Jun 18, 2026

Expected Move

±$8.20

4.8% from close

Price Gap

-1.77

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.74

Slightly call-heavy

Consensus

5.5/10

Range bias

Published snapshot: Jun 16, 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 16, 2026 close

COIN Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.5% from MP; +0.5 VIX 18

Watch next session: Monitor 06/18 expiration put unwinding; Watch 06/26 call OI and volume

Flow Summary

Net premium: -$255.0M bearish

P/C volume ratio: 0.90

P/C OI ratio: 0.75

Bearish market context with heavy put buying for tomorrow expiration signals fear of further downside. Net negative premium confirms bearish flow, though positive GEX and call buying for next week add nuance.

Notable Prints

COIN 2026-06-26 $182.50 Call

Vol: 6,792

OI: 574

Vol/OI: 11.8x

IV: 64.1%

Notional: ~$1.3M

Intent: Bullish

Read-through: Upside

COIN 2026-06-26 $202.50 Call

Vol: 1,154

OI: 153

Vol/OI: 7.5x

IV: 72.9%

Notional: ~$44K

Intent: Bullish

Read-through: Upside

COIN 2026-06-18 $230.00 Put

Vol: 4,249

OI: 679

Vol/OI: 6.3x

IV: 276.2%

Notional: ~$25.7M

Intent: Bearish

Read-through: Downside

COIN 2026-06-18 $240.00 Put

Vol: 4,152

OI: 655

Vol/OI: 6.3x

IV: 299.3%

Notional: ~$29.5M

Intent: Bearish

Read-through: Downside

COIN 2026-06-18 $270.00 Put

Vol: 1,877

OI: 320

Vol/OI: 5.9x

IV: 356.6%

Notional: ~$17.9M

Intent: Bearish

Read-through: Downside

Institutional Positioning

Call additions: Small call buying 6/26 $182.5 and $202.5 (11.8x, 7.5x OI)

Put additions: Large put buying 6/18 near exp, strikes $230-$340, vol/OI 4-6x

GEX/DEX consistency: GEX+$25.7M, DEX+29.5M; put flows negative but GEX positive—pinning possible but mixed due to large put hedging

OI clusters: Put OI cluster 15,515 at gamma flip ~$125 (24% below spot); high put OI at $230-340

Hedging evidence: Near-term out-of-money puts on 6/18 suggest hedging ahead of event

Max pain context: Spot below max pain; gamma positive supports pinning to MP

Signal vs Noise

~Signal: Heavy put accumulation on 6/18 with high IV (real hedging)

~Signal: Positive GEX despite negative net premium, indicating pinning

~Noise: Call volume on 6/26 is insignificant relative to put size

Key Conclusions

🐻Large put buying near expiration signals bearish hedging ahead of potential catalysts

🐂Positive gamma and dealer positioning may pin stock near max pain, but put hedging adds risk

⚠️Mixed signals (hedging vs pinning) suggest caution; watch for gamma flip break

How to Use These Reports

This flow reflects the market close on June 17, 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.