Option traders moderately bearish in Hims and Hers Health (HIMS), with shares down 98c near $38.78. Options volume relatively light with 61k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 0.6 points near 70.33,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.72. Put-call skew steepened, indicating increased demand for downside protection.
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