Coinbase attracts more bearish bets even after losing 84% year-to-date
Stocks started the short holiday week down on Monday, with Coinbase Global Inc. COIN among the worst performers.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said Coinbase Global was trading at 1.5 times its average daily volume on Monday.
Find out more stocks moving pre-release.
There were buyers of 26,348 of the 35 weekly put options on Nov. 25 at an average price of 36 cents per contract, Khouw said. Traders expect Coinbase Global shares to end the week lower, he said.
COIN Price: Coinbase Global Shares fell 8.90% to $41.23 on Monday.
Now Read: Bitcoin Shorts Hit 2-Year High, Ethereum Shorts Accumulate Up To $14 Million After Breakdown FTX Collapse: CoinShares
Photo: courtesy of coinbase.com
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Stocks started the short holiday week down on Monday, with Coinbase Global Inc. COIN among the worst performers.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said Coinbase Global was trading at 1.5 times its average daily volume on Monday.
Find out more stocks moving pre-release.
There were buyers of 26,348 of the 35 weekly put options on Nov. 25 at an average price of 36 cents per contract, Khouw said. Traders expect Coinbase Global shares to end the week lower, he said.
COIN Price: Coinbase Global Shares fell 8.90% to $41.23 on Monday.
Now Read: Bitcoin Shorts Hit 2-Year High, Ethereum Shorts Accumulate Up To $14 Million After Breakdown FTX Collapse: CoinShares
Photo: courtesy of coinbase.com
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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