On Sunday evening, Benzinga asked its Benzinga Pro community which tickers they’d like analyzed. From the replies, Benzinga selected three tickers for technical analysis. Pro user Mason1010 wanted to see a technical analysis on Coinbase Global, Inc and commented that it was setting up nicely. Mason1010 also noted options move nicely on the stock, “if you are on the right side of course.” Institutions seem to like trading Coinbase options and on Friday hammered dozens of call contracts. One trader purchased 172 Coinbase calls at $4.80 per piece with a Dec. 17 expiry and a whopping $450 strike price. The order cost the trader a total of $82,560. Another trader spent a massive $552,500 for 50 in the money calls at $110.50 per piece. The trader chose a strike price of $220 and an expiry of Jan. 21, 2022. Coinbase has two upcoming events that may be catching the eyes of …
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