Pinterest Options Trading: A Deep Dive into Market Sentiment

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 16 uncommon options trades for Pinterest.

This isn't normal.

The overall sentiment of these big-money traders is split between 56% bullish and 31%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $313,543, and 10 are calls, for a total amount of $735,123.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $42.0 for Pinterest over the recent three months.

Analyzing 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 $20.0 to $42.0, over the past month.

Pinterest Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Pinterest

Pinterest is a social media platform with a focus on product and idea discovery. Pinterest users, or pinners, can leverage the platform as they go about gathering ideas on topics such as home improvement, fashion, cooking, and travel. The company has more than 500 million monthly active users, two thirds of whom are female. Pinterest generates revenue by selling digital ads on its platform. While the platform's user base spans the globe, the vast majority of its revenue stems from ads shown to North American users.

Following our analysis of the options activities associated with Pinterest, we pivot to a closer look at the company's own performance.

Where Is Pinterest Standing Right Now?

• Currently trading with a volume of 5,736,507, the PINS's price is up by 2.73%, now at $32.51.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 14 days.

What The Experts Say On Pinterest

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $36.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Pinterest with a target price of $37. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Pinterest with a target price of $36. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Pinterest with a target price of $39. * In a cautious move, an analyst from Jefferies downgraded its rating to Hold, setting a price target of $32.

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.