Coinbase Options Trading Surges to Record High
Coinbase (COIN.US) saw significant activity in its options market on September 11th, with a total of 177.93K contracts traded for the day. This represents a substantial increase from the average trading volume over the past 30 days.
The breakdown of the trading volume shows that put options accounted for 39.42% of all transactions, while call options made up 60.58%. The most active option contract had a turnover of $722.16K and traded at a price of $0.01.
In terms of open interest, which reflects the number of outstanding options positions that have not been closed, Coinbase (COIN.US) reached an all-time high of 1.16 million contracts as of September 11th. This represents a significant increase from the average open interest over the past 30 days.