Option traders moderately bearish in Hims and Hers Health (HIMS), with shares down $1.18 near $36.34. Options volume relatively light with 67k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 1.7 points near 68.53,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.57. Put-call skew steepened, indicating increased demand for downside protection.
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