Pinterest's Options Frenzy: What You Need to Know

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 24 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $809,742 and 15, calls, for a total amount of $1,584,991.

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Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.0 to $40.0 for Pinterest over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Pinterest's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pinterest's whale activity within a strike price range from $22.0 to $40.0 in the last 30 days.

Pinterest Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

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

Present Market Standing of Pinterest

• Currently trading with a volume of 7,797,278, the PINS's price is down by 0.0%, now at $31.27.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 80 days.

Expert Opinions on Pinterest

In the last month, 5 experts released ratings on this stock with an average target price of $35.8.

• Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Pinterest, targeting a price of $32.
• Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Pinterest, targeting a price of $32.
• Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Pinterest, targeting a price of $45.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on Pinterest, which currently sits at a price target of $37.
• Reflecting concerns, an analyst from Seaport Global lowers its rating to Buy with a new price target of $33.

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.