Bearish flow noted in Hims and Hers Health with 30,788 puts trading, or 9x expected. Most active are Dec-24 21 puts and Dec-24 22 puts, with total volume in those strikes near 12,200 contracts. The Put/Call Ratio is 2.43, while ATM IV is up over 7 points on the day. Earnings are expected on February 24th.
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Read More on HIMS:
- Hims & Hers price target raised to $28 from $25 at TD Cowen
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- Hims & Hers price target raised to $21 from $18 at Piper Sandler
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