Coinbase Options Volatility Soars to New Heights

Coinbase's options market saw significant activity on September 22nd, according to recent data. A total of 123.3K contracts were traded that day, with put options accounting for 36.26% and call options making up the remaining 63.74%. The open interest as of close was approximately 1.02 million contracts, representing an impressive 88.27% of the average over the past 30 trading days.

The most active option contract on that day had a strike price of $210.00 and expired on September 25th, 2026. This particular contract saw 1,368 trades, ranking it as one of the top unusual options trades for the day. The volume associated with this contract was substantial, reaching $342K.

When Coinbase's stock was trading at $201.60, investors were actively trading call options with various strike prices. One notable trade involved a contract expiring on September 25th, 2026, with a strike price of $210.00. The details suggest that market participants were anticipating potential price movements in the coming months.