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COIN

Coinbase Global, Inc.Close $163.26EOD only

Max Pain

$175.00

Next expiry Jun 26, 2026

Expected Move

±$12.45

7.6% from close

Price Gap

+11.74

Distance to max pain

IV Rank

100

High premium

P/C OI

0.73

Slightly call-heavy

Consensus

5.5/10

Consensus signal

Published snapshot: Jun 18, 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 18, 2026 close

COIN Flow Report

Analysis based on market close June 18, 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

Watch next session: 125 level; 172.5 level

Flow Summary

Net premium: -$171.1M bearish

P/C volume ratio: 0.94

P/C OI ratio: 0.73

Net negative premium and aggressive OTM put buying confirm strong bearish bias. Positive GEX and DEX may slow downside, but pinning regime and spot below MP support bearish outlook.

Notable Prints

COIN 2026-06-26 $172.50 Call

Vol: 6,316

OI: 379

Vol/OI: 16.7x

IV: 62.1%

Notional: ~$1.8M

Intent: Bullish speculation on upside

Dual read: Possible call spread buy

Read-through: Institutional demand for upside exposure

COIN 2026-06-26 $167.50 Call

Vol: 3,120

OI: 224

Vol/OI: 13.9x

IV: 62.5%

Notional: ~$1.4M

Intent: Bullish sentiment near ATM

Dual read: Part of a call spread

Read-through: Renewed bullish positioning

COIN 2026-06-18 $162.50 Put

Vol: 7,268

OI: 776

Vol/OI: 9.4x

IV: 10.5%

Notional: ~$36K

Intent: Possible closing of short put

Dual read: Hedging against drop

Read-through: Unusual activity at small premium

COIN 2026-06-26 $115.00 Put

Vol: 3,035

OI: 360

Vol/OI: 8.4x

IV: 106.1%

Notional: ~$33K

Intent: Bearish put buying far OTM

Dual read: Portfolio hedge

Read-through: Institutional tail risk protection

COIN 2026-06-18 $230.00 Put

Vol: 4,249

OI: 658

Vol/OI: 6.5x

IV: 368.2%

Notional: ~$25.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: 6/26 C 172.5/167.5 high vol/oi

Put additions: Deep ITM puts (230,270,290) + cheap 162.5 put

GEX/DEX consistency: GEX+15.6M DEX+27.3M consistent with pinning; net premium negative

OI clusters: Put OI conc at 125 (15.5k) — gamma flip

Hedging evidence: Deep ITM put activity = hedging; small puts tail risk

Max pain context: Spot below MP (~170); gamma pinning

Signal vs Noise

~Deep ITM put buying = institutional hedging signal

~Call accumulation at 172.5/167.5 bullish

~Low IV puts (<0.10) noise

~Net premium -$171M shows put flow dominant

Key Conclusions

🛡️Deep ITM put buying = institutional hedging pre-vol

📈Call additions 172.5/167.5 bullish pinning

📌Gamma flip $125 + MP pinning cap spot

How to Use These Reports

This flow reflects the market close on June 18, 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.