Analyzing the options chain and the chart patterns of HIMS Hims & Hers Health prior to the earnings report this week, I would consider purchasing the 9usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $1.12. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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HIMS traded at $14.93 after earnings, and the calls went up from $1.12 (when I wrote this article) to $6.10 at the close yesterday, for an impressive 5.4X gain!! Congrats to those who bought the calls!