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This Is What Whales Are Betting On Hims & Hers Health

www.benzinga.com 21-10-2024 06:15 1 Minutes reading
Investors with a lot of money to spend have taken a bullish stance on Hims & Hers Health (NYSE:HIMS).And retail traders should know.We noticed this today when the trades showed up on 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 somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 34 uncommon options trades for Hims & Hers Health.This isn't normal.The overall sentiment of these big-money traders is split between 38% bullish and 26%, bearish.Out of all of the special options we uncovered, 12 are puts, for a total amount of $742,170, and 22 are calls, for a total amount of $1,554,886.Projected Price TargetsAfter evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.0 and $30.0 for Hims & Hers Health, spanning ...Full story available on Benzinga.com

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Sentiment
-0.31
Bearish/Bullish
50