Quantchabot has detected a new Bear Call Spread trade opportunity for HIMS AND HERS HEALTH INC (HIMS) for the 20-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
HIMS was recently trading at $23.47 and has an implied volatility of 92.48% for this period. Based on an analysis of the options available for HIMS expiring on 20-Feb-2026, there is a 34.30% likelihood that the underlying will close within the analyzed range of $19.42-$23.51 at expiration. In this scenario, the average linear return for the trade would be 46.60%.
52 week low: HIMS AND HERS HEALTH INC recently reached a new 52-week low at $22.95. HIMS had traded in the range $23.97-$72.98 over the past year.
Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if HIMS maintains its current direction and does not revert back to pricing on the bullish side of $23.47 on 20-Feb-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if HIMS AND HERS HEALTH INC closes at or below $23.53 on 20-Feb-2026. Based on our risk-neutral analysis, there is a 50.20% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
Leave a Reply
You must be logged in to post a comment.