Pinterest Option Alert: Fri $25 Calls Sweep (17) above Ask!: 1000 @ $0.253 vs 25947 OI; Earnings 7/31 After Close [est] Ref=$24.92
Portfolio Pulse from Charles Gross
Pinterest (PINS) sees a sweep of 1,000 Fri $25 call options above ask price, with earnings report expected on 7/31 after market close.
June 15, 2023 | 3:19 pm
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Pinterest experiences a surge in call options, indicating bullish sentiment ahead of its earnings report on 7/31.
The sweep of 1,000 Fri $25 call options above the ask price indicates that investors are expecting Pinterest's stock price to rise in the short term. This bullish sentiment is likely driven by the upcoming earnings report on 7/31, which could potentially lead to positive results and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100