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COIN

Coinbase Global, Inc.Close $158.18EOD only

Max Pain

$167.50

Next expiry Jun 26, 2026

Expected Move

±$8.90

5.6% from close

Price Gap

+9.32

Distance to max pain

IV Rank

Low premium

P/C OI

0.88

Slightly call-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Jun 23, 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 23, 2026 close

COIN Flow Report

Analysis based on market close June 24, 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; +2 GEX/flow strongly aligned; -1 spot 10.4% from MP; +0.5 VIX 19

Watch next session: $145-$150 put support zone; $155-$160 call resistance

Flow Summary

Net premium: -$51.4M bearish

P/C volume ratio: 0.95

P/C OI ratio: 0.86

COIN sees aggressive call buying at $155 for next week (9,347 vol vs 108 OI), signaling bullish conviction. Net premium negative (-$51.3M) reflects put hedging at $100 July 17 (17,107 vol). Negative gamma and positive delta amplify potential moves. Spot ~$150, below MP, but call bias dominates.

Notable Prints

COIN 2026-07-02 $155.00 Call

Vol: 9,347

OI: 108

Vol/OI: 86.5x

IV: 70.6%

Notional: ~$4.2M

Intent: Bullish directional bet

Dual read: May be part of a spread

Read-through: Expects COIN above $155 by expiration

COIN 2026-06-26 $155.00 Call

Vol: 1,618

OI: 108

Vol/OI: 15.0x

IV: 68.4%

Notional: ~$299K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-26 $148.00 Put

Vol: 2,251

OI: 238

Vol/OI: 9.5x

IV: 67.8%

Notional: ~$608K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-07-02 $167.50 Call

Vol: 1,696

OI: 203

Vol/OI: 8.3x

IV: 69.9%

Notional: ~$246K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-26 $157.50 Call

Vol: 989

OI: 167

Vol/OI: 5.9x

IV: 68.8%

Notional: ~$123K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: OTM call buying at $155, $160, $167.5 (7/2 exp).

Put additions: Put buying at $100 (7/17), $145, $148 (6/26).

GEX/DEX consistency: GEX negative, DEX positive: inconsistent, volatility risk.

OI clusters: Put OI high at $100 (3k), $145 (1k).

Hedging evidence: Deep OTM $100 put tail hedge; near puts at $145.

Max pain context: Spot below MP; heavy put OI may pin lower.

Signal vs Noise

~$155 call (86.5x) signal: bullish

~$100 put (5.6x) signal: tail hedge

~Net premium -$51M signal: selling

~$80 put (low vol) noise

~$135 put (moderate) noise

Key Conclusions

📈$155 call (86.5x OI) bullish bet.

📉$100 put (5.6x OI) tail hedge.

⚠️GEX neg, DEX pos: squeeze risk.

How to Use These Reports

This flow reflects the market close on June 24, 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.