Pinterest Unusual Options Activity

Financial giants have made a conspicuous bullish move on Pinterest. Our analysis of options history for Pinterest PINS revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $191,713, and 6 were calls, valued at $207,182.

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Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $55.0 for Pinterest, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Pinterest's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pinterest's whale activity within a strike price range from $25.0 to $55.0 in the last 30 days.

Pinterest 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Pinterest

Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its 450 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

Pinterest's Current Market Status

• Trading volume stands at 1,834,955, with PINS's price up by 0.43%, positioned at $37.26.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 14 days.

What Analysts Are Saying About Pinterest

4 market experts have recently issued ratings for this stock, with a consensus target price of $39.25.

• In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $45.
• Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Pinterest with a target price of $35.
• An analyst from Stifel persists with their Buy rating on Pinterest, maintaining a target price of $32.
• Showing optimism, an analyst from Argus Research upgrades its rating to Buy with a revised price target of $45.

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.