Pinterest Option Alert: Fri $24 Calls Sweep (3) near the midpoint: 503 @ $0.59 vs 1766 OI; Ref=$24.345
Portfolio Pulse from Charles Gross
Pinterest (PINS) saw a sweep of 503 Fri $24 calls at $0.59, near the midpoint, compared to an open interest of 1766. The stock is currently trading at $24.345.

May 24, 2023 | 3:58 pm
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NEUTRAL IMPACT
Pinterest experienced a sweep of 503 Fri $24 calls at $0.59, near the midpoint, compared to an open interest of 1766. The stock is currently trading at $24.345.
The sweep of 503 Fri $24 calls at $0.59 indicates increased options activity, but it is not clear whether this will have a positive or negative impact on the stock price in the short term. The stock is currently trading at $24.345, which is close to the strike price of the options, making the impact uncertain. Therefore, the score is neutral (0), with high relevance (100) and moderate importance (60) for investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100