Deep-pocketed investors have adopted a bullish approach towards Hims & Hers Health 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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