Financial giants have made a conspicuous bearish move on Hims & Hers Health. Our analysis of options history for Hims & Hers Health HIMS revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $471,518, and 4 were calls, valued at $278,430.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $30.0 for Hims & Hers Health over the recent three 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 $8.0 to $30.0, over the past month.
Hims & Hers Health Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HIMS | PUT | SWEEP | BEARISH | 01/17/25 | $2.7 | $2.6 | $2.7 | $15.00 | $131.8K | 2.7K | 1.5K |
| HIMS | PUT | SWEEP | BEARISH | 10/18/24 | $15.3 | $15.3 | $15.3 | $30.00 | $102.5K | 0 | 67 |
| HIMS | PUT | SWEEP | BEARISH | 01/17/25 | $2.65 | $2.6 | $2.65 | $15.00 | $79.5K | 2.7K | 994 |
| HIMS | PUT | SWEEP | BEARISH | 01/17/25 | $2.65 | $2.6 | $2.65 | $15.00 | $79.5K | 2.7K | 694 |
| HIMS | CALL | TRADE | BEARISH | 07/18/25 | $7.9 | $7.7 | $7.78 | $8.00 | $77.8K | 598 | 190 |
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, primary care, and more.
After a thorough review of the options trading surrounding Hims & Hers Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Hims & Hers Health
- Currently trading with a volume of 5,527,650, the HIMS's price is down by -1.72%, now at $14.59.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 68 days.
Professional Analyst Ratings for Hims & Hers Health
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $21.666666666666668.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $24.
- An analyst from Deutsche Bank has decided to maintain their Hold rating on Hims & Hers Health, which currently sits at a price target of $23.
- In a cautious move, an analyst from Piper Sandler downgraded its rating to Neutral, setting a price target of $18.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hims & Hers Health with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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