Decoding Pinterest's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Pinterest PINS.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PINS, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 18 uncommon options trades for Pinterest.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $266,342, and 10 are calls, for a total amount of $458,131.

Latest Startup Investment Opportunities:

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $34.0 to $45.0 for Pinterest over the last 3 months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Pinterest's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Pinterest's significant trades, within a strike price range of $34.0 to $45.0, over the past month.

Pinterest Option Volume And Open Interest Over Last 30 Days

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 498 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

In light of the recent options history for Pinterest, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Pinterest

• Trading volume stands at 8,863,683, with PINS's price up by 0.76%, positioned at $35.96.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 50 days.

What Analysts Are Saying About Pinterest

In the last month, 5 experts released ratings on this stock with an average target price of $42.8.

• Maintaining their stance, an analyst from Roth MKM continues to hold a Neutral rating for Pinterest, targeting a price of $38.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Pinterest with a target price of $45.
• An analyst from JP Morgan persists with their Neutral rating on Pinterest, maintaining a target price of $38.
• An analyst from RBC Capital has decided to maintain their Outperform rating on Pinterest, which currently sits at a price target of $48.
• An analyst from Rosenblatt has revised its rating downward to Buy, adjusting the price target to $45.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Pinterest with Benzinga Pro for real-time alerts.