COINCoinbase Global, Inc. Class A Common Stock
Options Analysis Report•FINANCE SERVICES
Market Cap $51.3B|NASDAQ
● 2026-04-29$181.73
NEUTRAL
Analysis: 2026-04-28 EOD data
1Y -10.4%YTD -23.2%7D -8.2%
Options Vol
99,200
30D
Implied Move
±24.3%
IV Rank
48%
COIN Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
3.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 96.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.29x — IV premium over HV
Sector Relative≤50%
Sector percentile 97% — above sector median
Term Structure
<1.1xFront/Back 1.27x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 78.4% — normal range
Spread-Adjusted Value
<80%Effective IV 90.3% (ATM 78.4% + spread 6.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 10.92% (spread 5.95% + slippage 4.97%) — high friction
Vega Efficiency
≥5.0Vega efficiency 48.14 (vega 28.646 / spread 5.95%) — efficient
Sentiment
Bullish or bearish?
5.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -8%, Raw: -8%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -8% (neutral) — Raw: -8%
OI Skew Magnitude
≥15%|OI skew| 17.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +16.0%, OI skew +17.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -14%, ATM: -8%, OTM: -8% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 45% — neutral vs sector
Activity
Unusual activity?
3.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 8.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change -2.3% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 87% — very active vs sector
Trade Quality
≥30%Large trade volume 11% — mostly retail
Execution Urgency
≥60%Aggressive execution 32% — patient
Flow Conviction
≥30Conviction -8 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 6.0% — wide
Adequate OI
≥10,000OI 1,144,692 — deep
Active Volume
≥500Volume 99,200/day — active
Reasonable Cost
≤$0.50$0.30 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 198.5 contracts (bid:99.5 ask:99.0) — adequate
Execution Quality
<1.0%Avg slippage 4.97% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +26.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 97% — seller opportunity
Event Detection
≥10pts kinkIV kink 15.5pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 128.75 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)HIGH RISK: Earnings in 8d; FOMC in 0d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -8% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 41 (ITM 20% + inst 11%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.0
bullishIV expensive, mixed flow
Long Puts4.5
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put6.3
bullishIV rich premium, mixed flow
Covered Call5.8
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.