Crypto
Coinbase Sees Unusually High Options Trading Activity Amid Share Price Rally
Coinbase Global saw unusually high options trading activity on Friday, with stock traders buying 224,666 call options on the stock. This is an increase of 40% compared to the typical volume of 160,253 call options.
In related news, Director Frederick Wilson sold 10,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total transaction of $1,789,300.00.
Several hedge funds have recently modified their holdings of COIN. Geode Capital Management LLC increased its stake in shares of Coinbase Global by 3.2% during the fourth quarter. Paradigm Operations LP grew its position in Coinbase Global by 3.3% during the 4th quarter.