Mixed options sentiment in Hims and Hers Health (HIMS), with shares down $1.25 near $29.75. Options volume running well above average with 310k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.38. Implied volatility (IV30) dropped 0.8 near 116.68, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.19. Put-call skew steepened, indicating increased demand for downside protection.
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