Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
COIN options intelligence
Coinbase Global Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 1 Aug 2026 14:57 · partial chain
Call-side pressure
Bullish pressure
COIN currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 8.1%, with volume/open-interest participation at 0.30.
Expected move
8.1%
Wider near-term move priced
Activity / OI
0.30
Current volume is quieter versus prior open interest
Put-call
0.50
Call-side skew
Trend fit
21
Options are not fully confirming trend
Weekly backdrop
-7.6%
RS -43.4
Expected move
8.1%
Put-call volume
0.50
Volume / OI
0.30
Reference IV
0.73
Max pain
165.00
Underlying
146.26
Nearest expiry
7 Aug 2026
Contracts
2000
Research Brief
COIN has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 134.46–158.06; The largest call open-interest concentration is 167.50; the largest put concentration is 80.00. The most active strike by current volume is 155.00.
Priced range134.46–158.06
Call concentration167.50
Put concentration80.00
Max pain reference165.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 134.46 to 158.06. Max pain at 165.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
134.46146.26 ± 11.80158.06
Confirmation level
A close beyond 158.06 or below 134.46 at the 7 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 40/100
Pressure is 37/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure37 × 42%
+15.4
How strongly activity leans toward calls or puts.
Participation47 × 22%
+10.3
Volume relative to existing open interest and contract-level activity.
Trend agreement21 × 26%
+5.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility83 × 10%
+8.3
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 167.50; the largest put concentration is 80.00. The most active strike by current volume is 155.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
638
130.00-11.1%
52
1280
135.00-7.7%
78
1172
140.00-4.3%
122
10
142.00-2.9%
0
137
143.00-2.2%
5
388
145.00-0.9%
42
54
146.00-0.2%
15
44
148.001.2%
0
41
149.001.9%
0
409
150.002.6%
73
198
152.504.3%
4
417
155.006.0%
336
189
157.507.7%
55
438
160.009.4%
380
464
162.5011.1%
217
269
165.0012.8%
921
249
167.5014.5%
2355
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.73
7 Aug
7d
0.71
14 Aug
14d
0.71
21 Aug
21d
0.71
28 Aug
28d
0.73
4 Sep
35d
0.70
11 Sep
42d
0.70
18 Sep
49d
0.71
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
120
122
124
126
128
130
132
134
136
138
140
142
144
146
148
150
155
160
165
170
175
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 7 Aug 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain66%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 3008
- 66% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $115.7M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+37
1W price-7.6%
Call premium51%
Put premium49%
Notional split
C 51% / P 49%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.30
Volume divided by open interest across the visible chain.
Trend fit
21/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · OTM
calls cluster with 9937 contracts traded, $12.5M estimated gross traded notional, and 11% of visible notional.
$12.5M
Calls · 0-7 days · OTM
calls cluster with 53801 contracts traded, $12.2M estimated gross traded notional, and 11% of visible notional.
$12.2M
Puts · 91+ days · ITM
puts cluster with 1647 contracts traded, $11.6M estimated gross traded notional, and 10% of visible notional.
$11.6M
Calls · 0-7 days · ATM
calls cluster with 15289 contracts traded, $9.1M estimated gross traded notional, and 8% of visible notional.
$9.1M
Puts · 46-90 days · ITM
puts cluster with 1698 contracts traded, $7.7M estimated gross traded notional, and 7% of visible notional.
$7.7M
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close146.26
1W-7.6%
RS-43.4
Fair value-32.1%
Options pressure37
Speculation47
Volatility83
Trend fit21
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:10
Bullish
Pressure 24
Move 11.3%
30 Jul 10:06
Mixed
Pressure 18
Move 9.3%
30 Jul 15:03
Mixed
Pressure 0
Move 8.1%
31 Jul 18:53
Bullish
Pressure 27
Move 5.0%
31 Jul 20:31
Bullish
Pressure 25
Move 6.8%
31 Jul 22:31
Bullish
Pressure 25
Move 6.8%
1 Aug 07:58
Bullish
Pressure 37
Move 9.9%
1 Aug 13:57
Bullish
Pressure 37
Move 8.1%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 10 · OI 127
Strike45.00
Calls · V 0 · OI 0
Puts · V 166 · OI 291
Strike50.00
Calls · V 0 · OI 0
Puts · V 33 · OI 327
Strike55.00
Calls · V 0 · OI 0
Puts · V 8 · OI 74
Strike60.00
Calls · V 0 · OI 0
Puts · V 7 · OI 38
Strike65.00
Calls · V 0 · OI 4
Puts · V 33 · OI 26
Strike70.00
Calls · V 0 · OI 91
Puts · V 0 · OI 1675
Strike75.00
Calls · V 0 · OI 1
Puts · V 0 · OI 513
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts184
Avg IV0.73
Put-call0.49
Expiry14 Aug 2026
Contracts190
Avg IV0.71
Put-call0.78
Expiry21 Aug 2026
Contracts152
Avg IV0.71
Put-call0.83
Expiry28 Aug 2026
Contracts132
Avg IV0.71
Put-call0.68
Expiry4 Sep 2026
Contracts130
Avg IV0.73
Put-call1.08
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.76
Put IV0.75
Skew-0.01
14 Aug 2026Balanced skew
Call IV0.73
Put IV0.71
Skew-0.02
21 Aug 2026Balanced skew
Call IV0.73
Put IV0.70
Skew-0.03
28 Aug 2026Balanced skew
Call IV0.71
Put IV0.71
Skew-
4 Sep 2026Balanced skew
Call IV0.68
Put IV0.69
Skew0.01
Contract Tape
Most active contracts
ContractCOIN260807C00155000
SideCall
Expiry7 Aug 2026
Strike155.00
Volume9591
OI336
IV0.74
ContractCOIN260807C00160000
SideCall
Expiry7 Aug 2026
Strike160.00
Volume9510
OI380
IV0.76
ContractCOIN260807C00152500
SideCall
Expiry7 Aug 2026
Strike152.50
Volume8872
OI4
IV0.74
ContractCOIN260807C00162500
SideCall
Expiry7 Aug 2026
Strike162.50
Volume6749
OI217
IV0.77
ContractCOIN260807C00150000
SideCall
Expiry7 Aug 2026
Strike150.00
Volume6118
OI73
IV0.73
ContractCOIN260807P00140000
SidePut
Expiry7 Aug 2026
Strike140.00
Volume5399
OI1172
IV0.75
ContractCOIN260918C00620000
SideCall
Expiry18 Sep 2026
Strike620.00
Volume5092
OI70
IV1.24
ContractCOIN260807C00149000
SideCall
Expiry7 Aug 2026
Strike149.00
Volume4639
OI-
IV0.74
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.