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COIN

Coinbase Global, Inc.Close $150.11EOD only

Max Pain

$167.50

Next expiry Jun 26, 2026

Expected Move

±$7.42

5.0% from close

Price Gap

+17.39

Distance to max pain

IV Rank

Low premium

P/C OI

0.86

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 24, 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 24, 2026 close

COIN Flow Report

Analysis based on market close June 25, 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 14.9% from MP; +0.5 VIX 19

Flow Summary

Net premium: -$137.3M bearish

P/C volume ratio: 1.54

P/C OI ratio: 0.87

Dominant bearish flow from aggressive put buying (1.54 P/C volume ratio) and -$17.3M negative gamma. Unusual prints show downside hedges. Spot below MP, VIX 19. Reversal needs break above $150.

Notable Prints

COIN 2026-06-26 $142.00 Put

Vol: 4,491

OI: 386

Vol/OI: 11.6x

IV: 55.6%

Notional: ~$943K

Intent: bearish speculation

Read-through: strong put demand

COIN 2026-07-02 $150.00 Call

Vol: 1,704

OI: 182

Vol/OI: 9.4x

IV: 66.4%

Notional: ~$452K

Intent: bullish bet

Dual read: possibly short covering

Read-through: OTM call buying

COIN 2026-06-26 $144.00 Put

Vol: 1,760

OI: 218

Vol/OI: 8.1x

IV: 55.2%

Notional: ~$576K

Intent: bearish hedge

Read-through: put accumulation

COIN 2026-06-26 $150.00 Call

Vol: 1,662

OI: 237

Vol/OI: 7.0x

IV: 58.5%

Notional: ~$61K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

COIN 2026-06-26 $143.00 Put

Vol: 862

OI: 194

Vol/OI: 4.4x

IV: 55.4%

Notional: ~$222K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Minimal OTM calls 150-155, low OI

Put additions: Aggressive near-dated puts 142-146, Dec26 $5 tail hedge

GEX/DEX consistency: GEX -$17.3M negative gamma, DEX +27.2M short delta; bearish tilt

OI clusters: OI clusters at 150-155 calls; put OI concentrated near 142-146

Hedging evidence: Dec26 $5 put (3040 vol) tail hedge

Max pain context: MP ~$150-155, spot $145 below, pinning upward

Signal vs Noise

~Signal: heavy put volume on 6/26/26 142-146 strikes

~Signal: negative net premium $137M

~Signal: put/call vol ratio 1.54

~Signal: bearish regime high vol

~Noise: small OI OTM calls

Key Conclusions

⚠️Aggressive near-dated put buying signals bearish short-term view

🛡️Deep OTM Dec put hedging tail risk

📊Spot below max pain, upward drift expected

How to Use These Reports

This flow reflects the market close on June 25, 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.