Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for HIMS AND HERS HEALTH INC (HIMS) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HIMS was recently trading at $11.33 and has an implied volatility of 61.79% for this period. Based on an analysis of the options available for HIMS expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.43-$11.33 at expiration. In this scenario, the average linear return for the trade would be 28.52%. Big -7.89% Change: After closing the last trading session at $12.30, HIMS AND HERS HEALTH INC opened today at $12.11 and has reached a low of $11.16. Trade approach: A movement as big as -7.89% is a significantly bearish indicator, so this trade is designed to be profitable if HIMS maintains its current direction and does not revert back to pricing on the bullish side of $11.33 on 21-May-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bearish strategy, the trade would be profitable if HIMS AND HERS HEALTH INC closes at or below $11.50 on 21-May-2021. Based on our risk-neutral analysis, there is a 53.21% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.