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There is no Montero-for-Pineda trade that could be made.  Montero is probably the biggest minor league hitting prospect in the nation.  The Yankees have no payroll concerns so they can trade that prospect for ANY pitcher.  They don't need a cheap, unproven one with a really good arm.  Montero is the sort of player that goes in the package for Felix Hernandez, not Mike Pineda.
So the question is how much lesser of a hitting prospect would you settle for to move Pineda now?  He's certainly not the top-rated pitching prospect in the nation, and he won't return you his best-case-scenario value.
Would I flip Pineda at some point before he becomes a free agent?  Sure, for the right package I absolutely would.  But if you bail on him now it's with the knowledge that getting a decent SS prospect or a .760 OPS LF is more important to you than risking Pineda's injury prospects.
It's not to me.
~G