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Bullish flow in Hims and Hers Health with shares up 8.9%

Bullish flow in Hims and Hers Health (HIMS), with shares up $2.56, or 8.9%, near $31.39. Options volume more than double the daily average with 398k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 8.9 points near 117.26, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.32. Put-call skew flattened, suggesting a modestly bullish tone.

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