27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bullish approach towards Pinterest (NYSE:PINS), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PINS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Pinterest. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $156,366, and 4 are calls, amounting to $142,621.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $50.0 for Pinterest during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Pinterest options trades today is 2621.5 with a total volume of 600.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Pinterest's big money trades within a strike price range of $30.0 to $50.0 over the last 30 days.
Pinterest 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PINS | PUT | SWEEP | BEARISH | 10/18/24 | $7.8 | $7.65 | $7.8 | $40.00 | $71.7K | 94 | 0 |
| PINS | CALL | TRADE | BEARISH | 01/16/26 | $8.65 | $8.45 | $8.5 | $35.00 | $42.5K | 273 | 1 |
| PINS | CALL | TRADE | BULLISH | 05/17/24 | $3.4 | $3.35 | $3.4 | $32.00 | $34.0K | 584 | 129 |
| PINS | CALL | SWEEP | BULLISH | 05/17/24 | $1.55 | $1.51 | $1.54 | $36.00 | $33.3K | 7.7K | 225 |
| PINS | CALL | SWEEP | BULLISH | 07/19/24 | $4.25 | $4.15 | $4.25 | $32.00 | $32.7K | 237 | 0 |
About Pinterest
Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.
Following our analysis of the options activities associated with Pinterest, we pivot to a closer look at the company's own performance.
Pinterest's Current Market Status
- With a volume of 3,328,702, the price of PINS is down -0.38% at $33.89.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 13 days.
Expert Opinions on Pinterest
1 market experts have recently issued ratings for this stock, with a consensus target price of $48.0.
- In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $48.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Pinterest, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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