Trade of the Week: PINS

Options, Social Media, Videos


Idea-sharing social media site Pinterest (PINS) is seeing a lot of options action after posting standout earnings. Like many social media companies, PINS is thriving from the remote work/study/play environment brought on by the pandemic.

PINS user growth and ad revenues were better than expected, and the stock jumped over 26% higher on the day after the earnings news. One trader rolled out a moderately bullish covered call position to February, suggesting that the gains in the share price won’t be short-lived.

Getting Hot Trades on Stocks Like NIO and TSLA

One of the more interesting stock market stories (before the GME short squeeze) has been the rise of TSLA challenger NIO. Shares for both were loosely correlated for most of 2020... until NIO was upgraded by JPMorgan in the fall. Trading volume and options activity have taken off creating some interesting trade set-ups. Here's how I'm finding those trades and making them with extra cash sitting around the house.

Click here for details.