Bearish flow noted in Pinterest with 4,926 puts trading, or 2.0x expected. Most active are 4/26 weekly 32.5 puts and 4/26 weekly 33 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.94, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 30th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- TikTok plans challenge if White House signs sale-or-ban bill, Information says
- TikTok to remove executive tasked with fending off U.S. claims, Bloomberg says
- Seaport Research advertising analyst to hold an analyst/industry conference call
- Former TikTok employees say service worked with ByteDance, Fortune reports
- Pinterest Stock (NYSE:PINS): Growing User Base Doesn’t Tell the Full Story
