PINS Trade on Apr 28, 2021 14:54 from Marius: Tradervue User Stock Trades.

Markets opened flat after more earnings reports including more large cap names. FOMC day and within tight price action range.

Fundamental Analysis

PINS reported revenue increase of 78% Y/Y to 485M vs 474M. They continued to grow internationally. Adjusted earning per share was 0.11 vs 0.07. Active user growth increased 30% to 478M vs 480.5M. They are guiding Y/Y revenue growth of 105% through Q2 but monthly active users to remain flat due to the tail wind economic reopening developments. They noticed in mid March US MAU growth decreased in engagement.

Quantitative Analysis

Intraday Fundamentals

RVOL 4.44
AVOL 13.42M
ATR 4.16
Short Float 3.63%
Shs Float 536.15M
Inst Own 73.40%
Market Cap 40.46B

Options Statistics + Tape Reading

SI 3.502
IV 55.51%
IVP 6%
P/C 0.631
VWAP 67.756

Higher call volume at the BID implying writes with put volume on the BID implying purchases. This is confirming the price momentum. Mixed large orders in the options tape through mid-day.

Options data stats/notes day prior to catalyst (n/a)

Options Positioning

OI 11378
VOL 2151
Delta .01
Theta -.03
Vega .00
Gamma .00
Prob T 2.16%
Prob ITM 1.06%
MMM +/- 3.328
IV Series 71.94%

Good position sizing and strike selection within parameters. Need to keep in mind moving up in delta for my return but keeping in mind of risk.

Options data stats/notes day prior to catalyst (n/a)

Technical Analysis

Gap down with elevated volume on the BID and close at LOD. IV drop into the low end percentile. Noting a gap down into HTF support with burden on the buyers. Technical lower high's in development.

Price below prior two ER's AVWAP and at low end of VPOC around 66. Next potential support if more selling is around 60 but this would be a flush of HTF support area. Noting the smaller daily candle range but after a large gap down.

Trade/Risk Management & Review

Trade executed as planned and risk management handled well around the busiest week of earnings with additional key economic reports. This is also an EOM options position. Keeping note of volatility intraweek with the specific options series.

PINS continued to trade with sellers in control ending into the lows of the week. Anticipating more downside price action noting the fundamentals in play and overall economic reopening theme. This can be leading into a weekly breakdown.