Bullish flow in Hims and Hers Health with shares up 3.13%

Bullish flow in Hims and Hers Health (HIMS), with shares up 88c, or 3.13%, near $29.16. Options volume running well above average with 415k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.39. Implied volatility (IV30) is up nearly 11.0 points near 113.3, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.08. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 20.89% or $6.09.