Whales with a lot of money to spend have taken a noticeably bullish stance on Hims & Hers Health.

Looking at options history for Hims & Hers Health (NYSE:HIMS) we detected 20 trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 35% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $315,490 and 15, calls, for a total amount of $738,711.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $40.0 for Hims & Hers Health over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Hims & Hers Health's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Hims & Hers Health's whale activity within a strike price range from $15.0 to $40.0 in the last 30 days.

Hims & Hers Health 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

In light of the recent options history for Hims & Hers Health, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Hims & Hers Health

• With a volume of 7,671,616, the price of HIMS is up 6.7% at $29.71.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 34 days.

What Analysts Are Saying About Hims & Hers Health

In the last month, 4 experts released ratings on this stock with an average target price of $28.75.

Unusual Options Activity Detected: Smart Money on the Move

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.