Coinbase Global (COIN) stock is continuing its huge December surge today, up over 6% in morning trading on Dec. 27 to $183.18 per share. The stock is up 155% from its low of $71.86 on Nov. 26. This is likely due to a huge surge in Bitcoin (^BTCUSD) along with other cryptocurrencies during December. Investors are anticipating and hoping that the SEC will approve trading in ETFs made up of spot-traded (not futures-traded) cryptos. However, Barchart reports there is large unusual activity in near-term put options. This may be due to hedging activity or short-sellers of the puts for income. The in…

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