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

Looking at options history for Pinterest (NYSE:PINS) we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $894,566 and 6, calls, for a total amount of $579,120.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $23.0 to $49.0 for Pinterest over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Pinterest stands at 2796.17, with a total volume reaching 4,093.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Pinterest, situated within the strike price corridor from $23.0 to $49.0, throughout the last 30 days.

Pinterest 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Pinterest

Pinterest's Current Market Status

• With a volume of 13,327,591, the price of PINS is down -0.59% at $40.24.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 89 days.

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.