Investors with lots of money to spend have taken a bullish stance on His health and that of him HIM.

And retail traders should know it.

We noticed this today when the trades showed up in the publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with HIMS, it often means someone knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga‘s options scanner spotted 15 unusual options trades for Hims & Hers Health.

This is not normal.

The general sentiment of these big traders is split between 40% bullish and 33% bearish.

Of all the special options we discovered, 3 are puts, for a total amount of $130,458, and 12 are calls, for a total amount of $614,179.

Projected Price Targets

After evaluating the trading volumes and open interest, it is evident that major market players are focusing on a price range between $10.0 and $38.0 for Hims & Hers Health, over the last three month.

Analyze volume and open interest

In the current trading environment, the average open interest for Hims & Hers Health options stands at 1,407.4, with total volume reaching 7,023.00. The attached chart depicts the progression of call and put volume and open interest for high-value trades on Hims & Hers Health, falling within the $10.0 to $38 strike price range. $.0, in the last 30 days.

Volume of his/her health options and open interest over the past 30 days

Large options trades detected:

About his and his health

Hims & Hers Health Inc is a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals, allowing them to access high-quality medical care for many conditions related to mental health, health sexual, dermatology, primary care, etc.

Having reviewed Hims & Hers Health’s options trading models, our attention now turns directly to the company. This change allows us to delve deeper into its current market position and performance.

Current situation of his and his health

• Trading volume stands at 6,988,157, with HIMS price down -4.07%, positioned at $26.75.
• RSI indicators show that the stock could be close to overbought.
• Announcement of results expected in 104 days.

What experts say about his health and that of his health

Over the past month, 5 industry analysts have shared their views on this stock, offering an average price target of $24.8.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge’s Unusual Options Chart spots potential market players before they happen. Find out what positions big money is taking in your favorite stocks. Click here to access it. * An analyst at B of A Securities decided to maintain his Buy rating on Hims & Hers Health, which currently sits at a $25 price target. * An analyst at Piper Sandler revised his rating down to Neutral, adjusting the price target to $21. * An analyst at B of A Securities decided to maintain his Buy rating on Hims & Hers Health, which currently sits at a $23 price target. *A TD Cowen analyst decided to maintain his Buy rating on Hims & Hers Health, which currently sits at a $28 price target. * Maintaining his position, a Deutsche Bank analyst continues to hold a Hold rating on Hims & Hers Health, targeting a price of $27.

Options trading has higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and closely monitoring market movements. Stay informed on the latest Hims & Hers Health options trades with real-time alerts from Benzinga Pro.