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Spotlight on Coinbase Glb: Analyzing the Surge in Options Activity

Benzinga ·  May 23 23:15

Investors with a lot of money to spend have taken a bearish stance onCoinbase Glb(NASDAQ:COIN).

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COIN, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 22 options trades forCoinbase Glb.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish...

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