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

Whales with a lot of money to spend have taken a noticeably bullish stance on Pinterest.

Looking at options history for Pinterest PINS we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $298,225 and 9, calls, for a total amount of $455,301.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.0 to $50.0 for Pinterest over the last 3 months.

Volume & Open Interest Trends

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 $37.0 to $50.0, over the past month.

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 PUT TRADE BULLISH 01/16/26 $7.3 $6.1 $6.17 $40.00 $185.1K 864 305
PINS CALL SWEEP BEARISH 12/20/24 $2.59 $2.58 $2.59 $50.00 $91.1K 1.0K 500
PINS CALL SWEEP BULLISH 10/18/24 $7.45 $7.05 $7.39 $37.00 $73.9K 1.0K 101
PINS PUT TRADE BULLISH 07/19/24 $0.5 $0.45 $0.46 $39.00 $73.6K 2.4K 1.6K
PINS CALL SWEEP NEUTRAL 12/20/24 $2.6 $2.59 $2.59 $50.00 $64.7K 1.0K 250

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.

Current Position of Pinterest

  • With a volume of 8,425,877, the price of PINS is down 0.0% at $41.21.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 54 days.

What The Experts Say On Pinterest

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $52.0.

  • An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $52.

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.

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Posted In: OptionsMarketsBZI-UOA
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