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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 22, 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 1.6% from MP; +1 VIX 17

Watch next session: COIN

Flow Summary

Net premium: -$18.1M bearish

P/C volume ratio: 0.60

P/C OI ratio: 0.91

Heavy call buying across near-dated strikes, positive gamma pinning, spot below MP. Mixed flow with large put prints but net premium negative favors upside. VIX 17 supports bullish bias.

Notable Prints

COIN 2026-06-26 $195.00 Call

Vol: 5,503

OI: 618

Vol/OI: 8.9x

IV: 81.5%

Notional: ~$154K

Intent: Bullish speculation

Read-through: Up

COIN 2026-07-02 $180.00 Call

Vol: 2,392

OI: 351

Vol/OI: 6.8x

IV: 69.0%

Notional: ~$665K

Intent: Bullish speculation

Read-through: Up

COIN 2026-07-02 $190.00 Call

Vol: 1,050

OI: 228

Vol/OI: 4.6x

IV: 70.1%

Notional: ~$127K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-12-18 $5.00 Put

Vol: 3,040

OI: 836

Vol/OI: 3.6x

IV: 175.0%

Notional: ~$33K

Intent: Bearish tail-risk

Read-through: Down

COIN 2026-06-26 $187.50 Call

Vol: 948

OI: 276

Vol/OI: 3.4x

IV: 75.8%

Notional: ~$49K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call buying on weekly 195C (8.9x OI) and next-week 180C/190C; deep ITM 75C added.

Put additions: Small put adds on 142P, 70P; notable 5P far OTM vol/oi 3.6 (premium collection).

GEX/DEX consistency: GEX (+$6.7M) and DEX (+24.4M shares) both positive, but net premium -$18M indicates put selling heavier; flow mixed.

OI clusters: Largest put OI cluster near gamma flip at $125; call OI dispersed across strikes.

Hedging evidence: Protective puts at 142 and 70 suggest downside hedging, but far OTM 5P is tail risk sale.

Max pain context: Spot below MP; gamma pinning regime suggests price may drift toward MP despite call buying.

Signal vs Noise

~195C block (8.9x OI) is real bullish flow; 5P put (3.6x) is noise (lottery).

~Deep ITM 75C likely closing short calls, not new longs.

Key Conclusions

🚀Near-term call buying suggests bullish bets ahead of expirations; watch 180/190 strikes.

⚠️Net premium negative despite call volume indicates put selling dominates; caution on downside.

📌Gamma flip at $125 is key support; pinning likely holds spot near current levels.

How to Use These Reports

This flow reflects the market close on June 22, 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.