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Feb 4, 2024 2:19 PM

PINS Pinterest Options Ahead of Earnings Long

Pinterest, Inc.NYSE

Description

If you haven`t sold PINS ahead of the previous earnings:


Then analyzing the options chain and the chart patterns of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 38usd strike price Calls with
an expiration date of 2024-2-9,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.


Trade closed: target reached

PINS calls were in the money this week, with the stock trading at $41.62. I haven't monitored the options, but they were certainly profitable back then.
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