Whales with a lot of money to spend have taken a noticeably bearish stance on Pinterest.
Looking at options history for Pinterest PINS we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $302,708 and 7, calls, for a total amount of $754,370.
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 $30.0 and $50.0 for Pinterest, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Pinterest's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Pinterest's substantial trades, within a strike price spectrum from $30.0 to $50.0 over the preceding 30 days.
Pinterest Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PINS | CALL | SWEEP | BEARISH | 01/17/25 | $11.7 | $11.5 | $11.5 | $32.50 | $460.0K | 3.5K | 500 |
| PINS | CALL | TRADE | BEARISH | 05/17/24 | $5.5 | $4.8 | $4.84 | $37.00 | $72.6K | 12.0K | 220 |
| PINS | CALL | TRADE | BULLISH | 05/10/24 | $1.8 | $1.76 | $1.8 | $40.00 | $70.9K | 2.1K | 145 |
| PINS | PUT | SWEEP | BEARISH | 11/15/24 | $9.95 | $9.85 | $9.9 | $50.00 | $65.3K | 34 | 22 |
| PINS | PUT | SWEEP | BEARISH | 09/20/24 | $7.45 | $7.3 | $7.45 | $48.00 | $64.8K | 0 | 93 |
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.
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
- Currently trading with a volume of 3,960,600, the PINS's price is up by 0.93%, now at $41.77.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 84 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Pinterest options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
