Option traders moderately bearish in Hims and Hers Health (HIMS), with shares down 70c near $54.02. Options volume relatively light with 117k contracts traded and puts leading calls for a put/call ratio of 1.2, compared to a typical level near 0.76. Implied volatility (IV30) is up nearly 16.0 points near 116.02,in the top quartile of the past year, suggesting an expected daily move of $3.95. Put-call skew steepened, indicating increased demand for downside protection.
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