COIN- Looking nicely BULLISH
Very interesting -News today on Coinbase as we approach the target area. Please bear in mind my target may not be the exact top.. It wll be close, but I am not into trading exact tops, as this can often be areas of high volatility and pullbacks. With that said- This article today was interesting to see Right Now as we are less than 1 week from 2024.
$Coinbase Global, Inc.(COIN)$ stock is continuing its huge December surge today, up over 6% in morning trading on Dec. 27 to $183.18 per share. The stock is up 155% from its low of $71.86 on Nov. 26.
This is likely due to a huge surge in Bitcoin
Three large tranches of 'puts' have traded with high Volume/Outstanding Interest (VOL/OI) ratios.
Two of the three tranches relate to options expiration periods ending this Friday . The third expires on Jan. 5. In other words, the traders are hoping to make money in just 2 to 9 days of trading.
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