Markets are mixed this afternoon, with the Dow Jones Industrial Average (DJI) trading flat, while the S&P 500 Index (SPX) sports muted gains. Meanwhile, the Nasdaq Composite (IXIC) boasts a triple-digit lead, as investors shrugged off recent recession fears and made a break to buy battered tech stocks. The bond market continues to be an area of interest, while investors are also looking ahead to the Federal Open Market Committee's (FOMC) meeting minutes release, out later this week. In other news, West Texas Intermediate Crude (WTI) moved back above $100 per barrel, as traders monitor developments in Ukraine.

One stock seeing an unusual amount of options activity is Pinterest Inc (NYSE: PINS). Social media stocks are enjoying some tailwinds amid news of Elon Musk's more than 9% passive stake in Twitter (TWTR). PINS was last seen 8.7% higher to trade at $26.93. So far today, 62,000 calls and 22,000 puts have crossed the tape, which is four times the intraday average. Most popular is the weekly 4/22 24-strike put, followed by the 4/22 31-strike call in the same weekly series, with new positions being opened at both. Though recovering from multi-year lows near the $22 area, the $27 level is still acting as a ceiling for Pinterest stock, and the shares continue to face pressure from the descending 60-day moving average. In the last 12 months, PINS has shed 65.6%.

Jumia Technologies AG (NYSE: JMIA) is one of the best-performing stocks on the New York Stock Exchange (NYSE) so far today. The equity was last seen 27.2% higher to trade at $12.06, after announcing a partnership that will allow UPS to improve its delivery services in Africa. Jumia Technologies stock is trading back above its 100-day moving average for the first time in over a year and now sports a 6.5% year-to-date lead. In the last 12 months, however, JMIA is off by nearly 68%.

Alpha Metallurgical Resources Inc (NYSE: AMR) is one of the worst-performing stocks on the NYSE, last seen down 7.2% at $125.17. Though the catalyst for the coal concern's dip is unclear, the shares did just recently notch an all-time high of $139.36 on March 30, after a steady recovery from a November 2021 rout. Further, AMR still maintains a strong 106.5% year-to-date lead.