Coinbase Options Surge with Record Trading Volume

Coinbase's options market was active on August 10th ET, with a total trading volume of 98,708 options for the day. Of this number, put options accounted for 35.6% and call options made up 64.4%. The open interest at close was about 1.15 million contracts, which is 104.87% of the average of the past 30 trading days.

The most active option contract of Coinbase on August 10th traded 10,194 volumes and closed at $2.80. The call option with a strike price of $160.00 expiring on August 21st, 2026 was particularly notable, as it transacted 9,425 contracts and reflected a turnover of $2.97 million.

This unusual trade ranked first among Coinbase's options trades for the day. It is essential to note that trading in options carries significant risks and may not be suitable for all investors.