Quick Update, Pinterest exploding after hours. It hit a high over $24 from a $17.56 close.
I don’t know how many times over the last month I said Pinterest had alot of unusual options action targeting July and August, guess what just happened? Elliott Management just disclosed a 9% stake and the stock is up over 20% after hours. That is exactly why I pay attention to unusual options activity and you should too. Sadly I sold a bunch of put spreads on pinterest this week and will make money, but I did not have any shares. O well, hope you all who had PINS shares and calls did fantastic
Great eye.