Coinbase Options Volume Surges to 125K Contracts

Coinbase's (COIN.US) options market saw significant activity on August 31st, ET. The platform traded over 125,000 contracts, with put options making up nearly 30% of total transactions and call options accounting for around 70%. This resulted in an open interest of approximately 1.23 million contracts by the end of the day.

Notably, the call option with a strike price of $250.00 expiring on October 16th, 2026 transacted 1,000 contracts and ranked first among unusual options trades for Coinbase (COIN.US). This contract reflected a turnover of around $350,000.