Coinbase Stock $COIN Rises $10 and 5% on July 26 Amid Crypto Rally, November $200 Calls Open Interest Hits 3,500

Coinbase's stock, denoted as $COIN, experienced a notable increase of approximately 5% during the pre-market session on July 26, 2024, driven by a resurgence in Bitcoin and other altcoins. The stock had already gained $10 prior to this surge, indicating strong market interest. Additionally, there was a significant uptick in open interest for November $200 call options, which rose to 3,500 contracts, reflecting bullish sentiment among traders. Investors expressed enthusiasm for the stock, with some anticipating further gains following the initial dip and subsequent rally.