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Markets Score 32 Neutral

Unusual Options Volume Spikes for Coinbase and Floor & Decor

Apr 29, 2026 19:30 UTC
FND, COIN
Short term

High-volume options trading was detected for COIN and FND, with activity significantly exceeding monthly averages. Traders are positioning for short-term volatility in the crypto and home improvement sectors.

  • FND options volume reached 190.8% of the monthly average
  • Concentrated bearish bets on FND via $47.50 puts expiring June 18
  • COIN options volume reached 189.1% of the monthly average
  • Concentrated bullish bets on COIN via $215 calls expiring May 1
  • Total COIN options volume reached 185,873 contracts

Market data reveals a surge in options trading for Coinbase Global Inc (COIN) and Floor & Decor Holdings Inc (FND), with both tickers seeing volume nearly double their typical daily averages on Wednesday. This spike in derivative activity often suggests institutional positioning or hedging ahead of anticipated price movements, though the direction of the bets varies significantly between the two equities. Floor & Decor saw 55,864 contracts traded, representing approximately 190.8% of its average daily volume of 2.9 million shares. The activity was heavily concentrated in the $47.50 strike put options expiring June 18, 2026, with 26,770 contracts changing hands, suggesting a bearish outlook for the retailer. Coinbase experienced even higher volume, with 185,873 contracts traded, or 189.1% of its monthly average of 9.8 million shares. Bullish sentiment was evident in the $215 strike call options expiring May 01, 2026, which saw 12,167 contracts traded. While these flows indicate strong conviction from specific traders, the immediate impact remains localized to the individual tickers. The very short expiration on the COIN calls suggests a speculative bet on an immediate catalyst.

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