Coinbase Traders Place Big Bets Ahead of Earnings While Analyst Targets Range Widely

Coinbase Global (COIN) unusual options activity shows whales taking a bearish stance, with 87% of trades being puts. Target price range is $160-$520.

Biggest COIN options trades include a $282K bullish call bet at a $200 strike and a $140K bearish call at a $250 strike.

COIN currently trading around $247, up 0.42%, with earnings due in 17 days.

Analyst price targets range from a high of $300 to a low of $110, with an average target of $211.80.

Trading options has risks but also potential rewards. Stay updated on COIN flows with tools like Benzinga Pro.