Telehealth Stock Popular With Bulls Despite Underperformance

Core Insights - Hims & Hers Health Inc (NYSE:HIMS) shares have increased by 3.4%, trading at $30.60, despite a significant nine-month deficit of 47.3% [1] - The stock has faced downward pressure since December, with the 20-day moving average limiting any potential rallies [1] Options Activity - The company has gained attention for its weight-loss drug prescriptions, appearing on a list of S&P 400 names with high options volume, with 720,590 calls and 423,949 puts traded in the last 10 days [3] - The most active options contract was the January 16, 2026, 30-strike put [3] Market Sentiment - Options traders have shown increased bullish sentiment, reflected in HIMS' 50-day call/put volume ratio of 3.11, which is the highest compared to the past year [6] - The Schaeffer's Volatility Index (SVI) for HIMS is at 65%, ranking in the 7th percentile of annual readings, indicating low volatility expectations [7] - HIMS' Schaeffer's Volatility Scorecard (SVS) is 83 out of 100, suggesting that the stock has historically experienced higher volatility than what options pricing indicates [7]