Coinbase Options Spot-On: 147.98K Contracts and 1.33M Open Interest

March 16 options data shows a tilt toward calls, hefty volume, and open interest near multi-week highs for Coinbase.

2026-03-16

On March 16, Coinbase options activity was robust, with a total volume of 147.98k contracts and open interest around 1.33 million. Put options accounted for 41.17% of trades, while call options represented 58.83% of the day’s transactions.

When Coinbase traded near $204.54, the $340 put expiring March 20, 2026 moved 5,000 contracts, ranking it as the day’s top unusual option trade and signaling $68.33 million in turnover. The trade highlights the market’s interest in downside protection or speculative bets on Coinbase’s near-term moves.

The most active contract traded 10,700 contracts and closed at $136.65. The data indicate sustained appetite for Coinbase options and a tilt toward calls, supported by elevated open interest.