Coinbase(US:COIN) Benzinga·2026-01-16 18:02Core Insights - Investors are showing a bullish stance on Coinbase Global, with significant options trades indicating potential upcoming movements in the stock [1][2] - The overall sentiment among large traders is mixed, with 48% bullish and 23% bearish positions noted [2] - A predicted price range for Coinbase Global is identified between $5.0 and $670.0 based on recent options trading activity [3][4] Options Trading Analysis - A total of 68 uncommon options trades were detected for Coinbase Global, with a notable split between puts and calls [1][2] - The total amount for put options is approximately $3.16 million, while call options total around $3.58 million [2] - Significant trades include a bullish put option with a strike price of $200.00 and a neutral call option with a strike price of $5.00 [7] Company Overview - Coinbase Global, founded in 2012, is the leading cryptocurrency exchange platform in the U.S., focusing on being a safe entry point for retail and institutional investors [8] - The company primarily generates revenue from transaction fees but is also expanding into adjacent businesses like prime brokerage and data analytics [8] Market Performance - Analysts have set an average price target of $331.6 for Coinbase Global, with varying ratings from different firms [10][13] - Current trading volume stands at approximately 3.99 million, with the stock price at $240.3, reflecting a slight increase of 0.43% [11] - Earnings announcement is expected in 27 days, indicating a potential catalyst for stock movement [11]