Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal 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 $10.88 and has an implied volatility of 67.05% for this period. Based on an analysis of the options available for HIMS expiring on 21-May-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $10.88-$13.20 at expiration. In this scenario, the average linear return for the trade would be 44.11%. Big 10.01% Change: After closing the last trading session at $9.89, HIMS AND HERS HEALTH INC opened today at $10.01 and has reached a high of $11.22. Trade approach: A movement as big as 10.01% is a significantly bullish indicator, so this trade is designed to be profitable if HIMS maintains its current direction and does not revert back to pricing on the bearish side of $10.88 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 bullish strategy, the trade would be profitable if HIMS AND HERS HEALTH INC closes at or above $10.80 on 21-May-2021. Based on our risk-neutral analysis, there is a 51.54% 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.