Decoding Hims & Hers Health's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bearish stance on Hims & Hers Health.

Looking at options history for Hims & Hers Health HIMS we detected 35 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 48% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $394,192 and 27, calls, for a total amount of $2,255,324.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $28.5 to $80.0 for Hims & Hers Health over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Hims & Hers Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Hims & Hers Health's significant trades, within a strike price range of $28.5 to $80.0, over the past month.

Hims & Hers Health 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Hims & Hers Health

Hims & Hers Health Inc is a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals, enabling them to access high-quality medical care for numerous conditions related to mental health, sexual health, dermatology, haircare and more.

Following our analysis of the options activities associated with Hims & Hers Health, we pivot to a closer look at the company's own performance.

Current Position of Hims & Hers Health

• Currently trading with a volume of 26,142,795, the HIMS's price is up by 7.88%, now at $37.49.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 42 days.

What The Experts Say On Hims & Hers Health

In the last month, 5 experts released ratings on this stock with an average target price of $37.6.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Hims & Hers Health, targeting a price of $39. * Consistent in their evaluation, an analyst from Leerink Partners keeps a Market Perform rating on Hims & Hers Health with a target price of $40. * An analyst from Citigroup has decided to maintain their Sell rating on Hims & Hers Health, which currently sits at a price target of $27. * In a cautious move, an analyst from B of A Securities downgraded its rating to Underperform, setting a price target of $21. * An analyst from Needham has decided to maintain their Buy rating on Hims & Hers Health, which currently sits at a price target of $61.

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