Financial giants have made a conspicuous bearish move on Pinterest. Our analysis of options history for Pinterest PINS revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $93,522, and 8 were calls, valued at $345,993.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 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 $15.0 to $50.0, over the past month.
Pinterest Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PINS | CALL | TRADE | BULLISH | 01/19/24 | $15.00 | $80.6K | 811 | 92 |
| PINS | CALL | SWEEP | NEUTRAL | 02/16/24 | $25.00 | $59.3K | 217 | 50 |
| PINS | CALL | TRADE | BEARISH | 01/17/25 | $20.00 | $55.3K | 481 | 60 |
| PINS | PUT | SWEEP | BEARISH | 10/18/24 | $50.00 | $36.9K | 8 | 26 |
| PINS | CALL | TRADE | BULLISH | 02/09/24 | $37.00 | $35.7K | 79 | 173 |
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 450 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.
Having examined the options trading patterns of Pinterest, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Pinterest's Current Market Status
- Trading volume stands at 3,619,102, with PINS's price down by -1.02%, positioned at $36.75.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 20 days.
Professional Analyst Ratings for Pinterest
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $37.333333333333336.
- An analyst from Wedbush persists with their Neutral rating on Pinterest, maintaining a target price of $35.
- Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $45.
- An analyst from Stifel persists with their Buy rating on Pinterest, maintaining a target price of $32.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Pinterest, Benzinga Pro gives you real-time options trades alerts.
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