COIN earnings are on Tuesday, August 3rd, 2023, at 4:10pm. Coinbase Global Inc (COIN) reported Q1 March 2023 earnings of 0.15 per share on revenue of 772.5 million. The consensus estimate was a loss of $1.44 per share on revenue of 0.2 million. Revenue fell 33.8% compared to the same quarter a year ago. Today's pop was because a judge in the Southern District of New York ruled that XRP is "not necessarily a security on its face". I'm posting this as a short because of the setup entry point going into COIN earnings on 8/3/23. Technically, the time to go long has already happened more or less, until there's a significant pullback to a support level. With that said, COIN probably has momentum for a few more days, so I wouldn't go short immediately.
Q2 June 2023 Consensus:
EPS = -0.76
Revenue = 636M
PE = -8.43
100SMA = 63
200SMA = 69
COIN 1 day chart TTCATR 20VWMA levels:
R3 = 115
R2 = 106
R1 = 98
pivot = 91
S1 = 82
S2 = 74
S3 = 65
Options data:
7/21 expiry
Put Volume Total 86,815
Call Volume Total 123,681
Put/Call Volume Ratio 0.70
Put Open Interest Total 112,134
Call Open Interest Total 88,154
Put/Call Open Interest Ratio 1.27
8/18 expiry
Put Volume Total 28,581
Call Volume Total 26,454
Put/Call Volume Ratio 1.08
Put Open Interest Total 58,067
Call Open Interest Total 55,295
Put/Call Open Interest Ratio 1.05
9/15 expiry
Put Volume Total 9,965
Call Volume Total 14,061
Put/Call Volume Ratio 0.71
Put Open Interest Total 60,706
Call Open Interest Total 40,379
Put/Call Open Interest Ratio 1.50
Q2 June 2023 Consensus:
EPS = -0.76
Revenue = 636M
PE = -8.43
100SMA = 63
200SMA = 69
COIN 1 day chart TTCATR 20VWMA levels:
R3 = 115
R2 = 106
R1 = 98
pivot = 91
S1 = 82
S2 = 74
S3 = 65
Options data:
7/21 expiry
Put Volume Total 86,815
Call Volume Total 123,681
Put/Call Volume Ratio 0.70
Put Open Interest Total 112,134
Call Open Interest Total 88,154
Put/Call Open Interest Ratio 1.27
8/18 expiry
Put Volume Total 28,581
Call Volume Total 26,454
Put/Call Volume Ratio 1.08
Put Open Interest Total 58,067
Call Open Interest Total 55,295
Put/Call Open Interest Ratio 1.05
9/15 expiry
Put Volume Total 9,965
Call Volume Total 14,061
Put/Call Volume Ratio 0.71
Put Open Interest Total 60,706
Call Open Interest Total 40,379
Put/Call Open Interest Ratio 1.50
Note
7/14 update: COIN hit 114.43 and started falling down.
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Disclaimer
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Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.