Core Insights - Investors with significant capital have adopted a bearish outlook on Hims & Hers Health (NYSE:HIMS) [1] - The sentiment among large investors is notably negative, with 47% bearish and only 22% bullish positions observed [3] Options Trading Activity - A total of 36 unusual options trades were identified for Hims & Hers Health, indicating heightened trading activity [2] - The total amount for put options reached $589,371, while call options totaled $1,546,938, suggesting a preference for bearish positions [3] Price Movements and Trends - Major market movers are focusing on a price range between $3.0 and $105.0 for Hims & Hers Health over the past three months [4] - The analysis of volume and open interest reveals significant liquidity and investor interest in options trading for Hims & Hers Health [5] Noteworthy Options Activity - Specific options trades include bearish call trades with strike prices ranging from $22.00 to $70.00, indicating a cautious sentiment among traders [9] - The total trade prices for notable options include $196.2K for a bearish call with a strike price of $70.00 and $157.0K for a neutral call with a strike price of $22.00 [9] Company Overview - Hims & Hers Health is a telehealth platform launched in 2017, providing treatment options for various health issues and has over 2 million subscribers [10] - The company operates without insurance, accepting direct payments from customers, and is available in all 50 states and select European markets [10] Market Status - An expert recently issued a rating for Hims & Hers Health with an average target price of $48.0, reflecting a cautious outlook [11][12] - The current trading volume stands at 7,499,720, with the stock price at $32.83, down by -0.64% [14]
Unpacking the Latest Options Trading Trends in Hims & Hers Health - Hims & Hers Health (NYSE:HIMS)