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Barchart
Barchart
Mark R. Hake, CFA

EXPLAINED: Coinbase shows huge unusual options volume after lower results | Vintage Vibes

COIN Coinbase Barchart

Coinbase Global, Inc. (COIN) posted significantly lower trading volume in its Q2 results release yesterday. In addition, its adj. net income per share fell by over 93% QoQ. That has sparked huge, unusual volume in COIN call options, mostly from sellers, as COIN stock is down 15% today. Buyers should beware.

COIN is at $321.19, down from $377.76 yesterday and a recent peak of $419.78 on July 18. Clearly, investors aren't happy with the company's results.

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