Core Insights - Deep-pocketed investors are showing a bullish sentiment towards Hims & Hers Health, indicating potential significant developments ahead [1] - The options activity for Hims & Hers Health is unusually high, with a split sentiment among investors [2] Options Activity - A total of 12 extraordinary options activities were recorded, with 41% of investors leaning bullish and 41% bearish [2] - Notable options include 9 puts totaling $366,327 and 3 calls amounting to $111,600 [2] Predicted Price Range - Major market movers are focusing on a price range between $33.0 and $70.0 for Hims & Hers Health over the last three months [3] Volume & Open Interest - The analysis of volume and open interest provides insights into liquidity and investor interest in Hims & Hers Health's options, particularly within the $33.0 to $70.0 strike price range over the past 30 days [4] Significant Options Trades - Recent significant trades include a bullish put sweep with a strike price of $33.50 and a bearish call trade with a strike price of $50.00, among others [8] Company Overview - Hims & Hers Health, launched in 2017, is a telehealth platform offering various treatment options and has over 2 million subscribers [9] - The platform operates in all 50 states and certain European markets, providing a range of prescription and over-the-counter products [9] Market Position and Analyst Opinions - Analysts have set an average price target of $58.5 for Hims & Hers Health, with one analyst lowering their rating to Buy with a new target of $85, while another maintains an Underperform rating with a target of $32 [10][11] Current Trading Metrics - The current trading volume stands at 1,742,657, with the stock price at $33.62, indicating a potential oversold condition [13]
Hims & Hers Health Options Trading: A Deep Dive into Market Sentiment - Hims & Hers Health (NYSE:HIMS)