Bearish flow noted in Pinterest with 2,592 puts trading, or 2x expected. Most active are 6/28 weekly 43 puts and 7/5 weekly 45.5 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.21, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- #SocialStocks: Tennessee and New York push legislation to further protect kids
- Biden prevails with Supreme Court ruling in social media dispute, AP reports
- Meta reveals new Threads’ feature allowing more ‘fediverse’ sharing
- Pinterest price target raised to $49 from $48 at Wells Fargo
- MoneyLion appoints Kaplan as Chief Revenue Officer