AAL

Hims & Hers Adds Weight-Loss Injections, Stock Soars

Options bulls are blasting HIMS today

Deputy Editor
May 20, 2024 at 2:47 PM
facebook X logo linkedin


Hims & Hers Health Inc (NYSE:HIMS) stock is soaring today, up 29.4% to trade at $18.85 and earlier hitting a three-year high of $20.11. Today's pop comes after the healthcare platform added GLP-1 injections to its weight-loss services, a compounded and cheap version of Novo Nordisk's (NVO) semaglutide (the active ingredient in popular weight-loss drug Wegovy). Since the start of the year, HIMS is sporting a 110% lead, with the 100-day moving average stepping up as support earlier this month. 

Options bulls are blasting the stock in response. So far, 147,000 calls have been exchanged -- 14 times the call volume typically seen at this point -- in comparison to 41,000 puts. The weekly 5/24 20-strike call is the most popular contract by far, where new positions are being opened. 

This penchant for calls is far from unusual. HIMS sports a 10-day call/put volume ratio of 5.60 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), yet this sharply call-biased ratio ranks higher than only 23% of readings from the last year, showing traders were even more bullish previously. 

Short interest has been building, up 41.7% in the last month, and now represents 10.3% of the stock's available float. It would take shorts roughly three days to cover their bets, at HIMS' average pace of trading.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.