27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bullish approach towards Hims & Hers Health (NYSE:HIMS), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HIMS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Hims & Hers Health. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 3 are puts, totaling $107,148, and 6 are calls, amounting to $559,332.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.5 and $22.0 for Hims & Hers Health, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hims & Hers Health's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hims & Hers Health's substantial trades, within a strike price spectrum from $13.5 to $22.0 over the preceding 30 days.
Hims & Hers Health Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HIMS | CALL | SWEEP | BEARISH | 01/16/26 | $2.4 | $2.2 | $2.2 | $22.00 | $174.9K | 78 | 795 |
| HIMS | CALL | SWEEP | BULLISH | 01/17/25 | $1.3 | $1.2 | $1.3 | $20.00 | $119.9K | 9.0K | 1.3K |
| HIMS | CALL | SWEEP | BULLISH | 01/16/26 | $3.8 | $3.6 | $3.8 | $15.00 | $76.0K | 1.4K | 207 |
| HIMS | CALL | SWEEP | BULLISH | 01/16/26 | $3.8 | $3.6 | $3.78 | $15.00 | $75.4K | 1.4K | 7 |
| HIMS | CALL | SWEEP | BEARISH | 01/17/25 | $1.25 | $1.2 | $1.2 | $20.00 | $62.7K | 9.0K | 1.1K |
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.
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 4,682,158, the HIMS's price is down by -3.29%, now at $12.79.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 20 days.
Professional Analyst Ratings for Hims & Hers Health
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.5.
- Reflecting concerns, an analyst from Canaccord Genuity lowers its rating to Buy with a new price target of $20.
- In a cautious move, an analyst from Jefferies downgraded its rating to Hold, setting a price target of $15.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Hims & Hers Health options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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