Jul. 13 at 7:27 PM
$HIMS slipping 3% over the last 5 sessions and the put flow is heavy, about 63% of
$1.4M in options premium on InsiderFinance
Looks like traders are hedging with those
$32 to
$36 puts expiring late July and August
Today’s action shows a 1.5k-contract July 31
$53 call sweep
It's way OTM and feels more like a lotto play than anything with real conviction
Implied vols are through the roof, around 80 to 110%
If you’re looking to play this, maybe think about defined-risk spreads or selling premium if you have a solid thesis
Not seeing a clear directional edge right now
