Quantchabot has detected a new Bear Call Spread trade opportunity for HIMS AND HERS HEALTH INC (HIMS) for the 31-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
HIMS was recently trading at $26.75 and has an implied volatility of 96.91% for this period. Based on an analysis of the options available for HIMS expiring on 31-Jul-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $18.81-$26.88 at expiration. In this scenario, the average linear return for the trade would be 37.24%.
Big -7.36% Change: After closing the last trading session at $28.87, HIMS AND HERS HEALTH INC opened today at $28.68 and has reached a low of $26.52.
Trade approach: A movement as big as -7.36% is a significantly 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 $26.75 on 31-Jul-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 $27.45 on 31-Jul-2026. Based on our risk-neutral analysis, there is a 52.34% 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.
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