Hims & Hers Health Unusual Options Activity For August 13

Author: Benzinga Insights | August 13, 2024 11:47am

Financial giants have made a conspicuous bearish move on Hims & Hers Health. Our analysis of options history for Hims & Hers Health (NYSE:HIMS) revealed 8 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $313,000, and 4 were calls, valued at $186,050.

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 $11.0 and $30.0 for Hims & Hers Health, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Hims & Hers Health options trades today is 839.57 with a total volume of 4,821.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Hims & Hers Health's big money trades within a strike price range of $11.0 to $30.0 over the last 30 days.

Hims & Hers Health Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
HIMS	PUT	SWEEP	BEARISH	01/17/25	$0.85	$0.8	$0.84	$11.00	$117.8K	142	3.0K
HIMS	PUT	SWEEP	BEARISH	01/17/25	$5.4	$5.1	$5.4	$20.00	$107.9K	653	200
HIMS	CALL	TRADE	BULLISH	07/18/25	$3.4	$3.3	$3.4	$20.00	$55.0K	753	162
HIMS	CALL	TRADE	BEARISH	01/16/26	$2.65	$2.6	$2.6	$30.00	$52.0K	991	208
HIMS	PUT	SWEEP	BEARISH	01/17/25	$2.35	$2.3	$2.35	$15.00	$47.0K	1.6K	900

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.

Where Is Hims & Hers Health Standing Right Now?

• With a trading volume of 3,006,014, the price of HIMS is up by 1.31%, reaching $16.18.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 83 days from now.

What The Experts Say On Hims & Hers Health

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $21.333333333333332.

• Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Hims & Hers Health, targeting a price of $23.
• An analyst from Deutsche Bank has decided to maintain their Hold rating on Hims & Hers Health, which currently sits at a price target of $23.
• An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $18.

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.

Posted In: HIMS