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COIN

Coinbase Global, Inc.Close $162.11EOD only
Max Pain
$162.50
Next expiry Jun 12, 2026
Expected Move
±$10.93
6.7% from close
Price Gap
+0.39
Distance to max pain
IV Rank
25
Middle-high premium
P/C OI
0.78
Slightly call-heavy
Consensus
6.0/10
Bearish tilt
Published snapshot: Jun 8, 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 8, 2026 close
COIN Theta Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Put Spreads
Invalidation: Break below 141.91 support or above 170 resistance
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 19; override: Adjusted for GEX, spot near MP, VIX support

IV Environment

IV Regime
High
IV vs VIX
IV 86% vs VIX 19, 4.6x elevated
Favorable?
Yes

Term structure: Near-term contango, flattening after 18 days

⚠️IV elevated 4.6x VIX; decay possible

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+8.9M)

Gamma flip: ~$125.00 — Approx — based on put OI concentration of 15,509 (22.9% below spot)

OI concentrations: Put OI floor at $125 (22.9% below spot), call wall $175-$200

Verdict: Pinning risk moderate; max pain at $162 near-term

Premium Opportunities

#1
Put credit spread
Sell 2026-08-21 $145.00/$130.00 put spread
Sell $145 put, buy $130 put for credit; defined risk, time decay.
Credit: $4.77-$5.83
Max loss: $9.17
BE: $139.17
Mgmt: Monitor 141.91 support; consider early close if price tests $145.
#2
Iron condor
Sell 2026-07-10 $150.00/$140.00 put wing and $185.00/$200.00 call wing
Sell 150/140 put spread and 185/200 call spread; collect premium.
Credit: $4.91-$6.00
Max loss: $9.00
BE: 144.00 / 191.00
Mgmt: Manage wings near strikes; close at 50% profit target.

Risk Alerts

!Mixed dealer flow (net premium -$53.8M) adds uncertainty
!Near-term IV elevated may reflect event risk
How to Use These Reports
This theta reflects the market close on June 8, 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.