Benzinga | Nov 30, 2021 04:56PM EST

Looking At Coinbase Global's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Coinbase Global.

Looking at options history for Coinbase Global (NASDAQ:COIN) we detected 61 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50.82% of the investors opened trades with bullish expectations and 49.18% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $863,753.00 and 48, calls, for a total amount of $2,778,924.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $520.0 for Coinbase Global over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Coinbase Global's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coinbase Global's whale trades within a strike price range from $220.0 to $520.0 in the last 30 days.

Coinbase Global Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestCOIN CALL TRADE BULLISH 12/17/ $260.00 $216.9K 1.0K 107 21COIN PUT SWEEP BEARISH 12/31/ $325.00 $192.3K 25 90 21COIN CALL SWEEP NEUTRAL 12/31/ $325.00 $190.6K 161 91 21COIN CALL TRADE BULLISH 01/20/ $240.00 $124.0K 1.5K 10 23COIN CALL SWEEP NEUTRAL 12/10/ $325.00 $109.9K 451 122 21

Where Is Coinbase Global Standing Right Now?

* With a volume of 2,843,285.00, the price of COIN is down -0.56% at $317.61.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 68 days.

What The Experts Say On Coinbase Global:

* JMP Securities has decided to maintain their Market Outperform rating on Coinbase Global, which currently sits at a price target of $405.0.

* Rosenblatt has decided to maintain their Buy rating on Coinbase Global, which currently sits at a price target of $455.0.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.