If you haven`t sold PINS before the previous earnings: nor entered in the Buy area:
Then analyzing the options chain and the chart patterns of PINS Pinterest prior to the earnings report this week, I would consider purchasing the 35usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $5.35. 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 traded at $41.39 today, after earnings, and the Calls went up from $5.35 (when I wrote this article) to $10.25 at the close today, for almost 2X gain!
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