On May 11, Eastern Time, Coinbase options saw a total of 277274 contracts traded, with calls accounting for 77% and puts making up 22%.
Coinbase has 1158128 contracts outstanding, with calls accounting for 57% and puts making up 42%.
The top volume gainer was the 220 dollars Call option expiring on May 15, 2026, with 15866 contracts traded.
On the news front, Based on recent key news:

1. May 11, CoinMarketCap's Altcoin Index climbed, indicating a shift in investor sentiment towards altcoins, which may have contributed to COIN's surge. The index reached 50, suggesting increased interest in altcoins. Source: WSJ

2. May 11, Analysts noted resilience in retail trading and revenue diversification efforts by Coinbase amid crypto market weakness, supporting the stock's rise. Source: Benzinga

3. May 12, CryptoQuant observed increased short-term altcoin trading volume, indicating a shift in capital from major cryptocurrencies to altcoins, potentially boosting COIN. Source: NS3.AIAltcoin interest rising, crypto market shifts.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2026-05-12/ST_US_COIN_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2026-05-12/ST_US_COIN_en.png"/>

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On May 11, Eastern Time, Coinbase options saw a total of 277274 contracts traded, with calls accounting for 77% and puts making up 22%.

- On May 11, COIN options saw a total trading volume of 277,274 contracts, with call options making up 77% and put options accounting for 22%.  
- Significant news includes Coinbase's temporary shutdown and layoffs raising concerns about operational stability, followed by a recovery that boosted investor confidence, and positive predictions about Bitcoin’s price surge within 12 months.  
- Additionally, strong Bitcoin purchases and a favorable market sentiment have led to price increases, positively impacting Coinbase’s share price.

Trending | COIN Surges 7% on Monday, Some Call options Soar 2000%