2024-07-05 PUT at $20.5 Option on Hims Hers Health

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Hims Hers positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Hims Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.

Hims Hers' Option Greeks for the contract ending on 2024-07-05 at a strike price of 20.5 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Hims Hers' option greeks, its implied volatility helps estimate the risk of Hims Hers stock implied by the prices of the options on Hims Hers' stock.

Put options written on Hims Hers grant holders of the option the right to sell a specified amount of Hims Hers at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Hims Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Hims Hers is like buying insurance aginst Hims Hers' downside shift.

By selling Hims Hers' put option, the investors signal their bearish sentiment. A short position in a put option written on Hims Hers will generally make money when the underlying price is above the strike price. Therefore Hims Hers' put payoff at expiration depends on where the Hims Stock price is relative to the put option strike price. The breakeven price of 19.85 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Hims Hers' price. Finally, at the strike price of 20.5, the payoff chart is constant and positive.

Hims Hers' option chain is a display of a range of information that helps investors for ways to trade options on Hims. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Hims. It also shows strike prices and maturity days for a Hims Hers against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.

When running Hims Hers' price analysis, check to measure Hims Hers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hims Hers is operating at the current time. Most of Hims Hers' value examination focuses on studying past and present price action to predict the probability of Hims Hers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hims Hers' price. Additionally, you may evaluate how the addition of Hims Hers to your portfolios can decrease your overall portfolio volatility.