Coinbase Options Activity Reveals a $42 Million Bet on Long-Term Price Growth
A single trade of 2,100 put options with a $370 strike price expiring May 15, 2026, generated $42.08 million in turnover. This transaction ranked first among Coinbase options trading of the day on April 9th. Total trading volume for the day reached 200.98K contracts, with call options accounting for 61.53% of total transactions. The remaining 38.47% of put options. The open interest for Coinbase options positions not yet closed totaled 1.12 million contracts, which was 92.47% of the same average for the past 30 trading days.
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