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COIN

Coinbase Global, Inc.Close $169.62EOD only

Max Pain

$167.50

Next expiry Jun 18, 2026

Expected Move

±$9.67

5.7% from close

Price Gap

-2.12

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

COIN Theta Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta 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

IV Environment

IV Regime

High

IV vs VIX

IV ~88% vs VIX 16 — rich premium, extreme skew

Favorable?

Yes

Term structure: Contango across tenors; back-month IV elevated, indicating longer-dated uncertainty

📈Put IV > Call IV near front — puts overpriced, short premium favorable

⚡Term structure steep — short vega plays benefit but beware pin risk gamma

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+28.1M)

Gamma flip: ~$125.00 — Approx — based on put OI concentration of 15,515 (26.2% below spot)

OI concentrations: Put floor $90-$125 (15.5k OI); Call wall $190-$250. Max pain $168 near current spot

Verdict: Moderate — pinning likely at $168 but spot slightly above; OI skewed lower

Premium Opportunities

Put credit spread

Sell 2026-07-17 $165.00/$160.00 put spread

Sell $165/$160 put spread on high IV with support at $167.

Credit: $2.07-$2.53

Max loss: $2.47

BE: $162.47

Mgmt: Exit if spot breaks below $167.50; aim for 50% max gain.

Iron condor

Sell 2026-08-21 $165.00/$160.00 put wing and $185.00/$190.00 call wing

Sell $165/$160 put and $185/$190 call wings outside support/resistance.

Credit: $3.49-$4.26

Max loss: $0.74

BE: 160.74 / 189.26

Mgmt: Manage if spot nears wings; exit early due to liquidity risk. Liquidity warning: Liquidity constraints: short_put: Volume below 5. Substitutions: short_put: resolved contract 2026-08-21 $167.50 missing; used 2026-08-21 $165.00.; long_put: resolved contract 2026-08-21 $162.50 missing; used 2026-08-21 $160.00.; short_call: resolved contract 2026-08-21 $187.50 missing; used 2026-08-21 $185.00.; long_call: resolved contract 2026-08-21 $192.50 missing; used 2026-08-21 $190.00.

Risk Alerts

!Gamma flip risk near $125 if spot drops sharply

!Earnings uncertainty (no specific date) elevates IV

!High put skew implies hedging demand, potential volatility expansion

How to Use These Reports

This theta reflects the market close on June 16, 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.