Equity Trade Update: $HIMS - Target 2 Hit +13.25%
HIMS & HERS HEALTH has hit our target 2 of $51.36 🎯in early trading today.
Our options trade is currently up +100%.
This could be a good area to de-risk if you are currently long with the stock up 13.25% from our reference price of $45.35.
***Update 1 4th Sept***
We posted the this idea last week and HIMS 0.00%↑ has been on a bit of a rollercoaster since then falling almost 10% from our reference price before rallying yesterday and today.
Today we hit target 1 of $48.05 🎯which was a about a +6% move from our initial price. It is trading slightly below that currently.
Our $45 Sept 19th Calls are currently trading at $4.30 +20% 👍
***Original Idea 27th Aug ***
Quantmatix flagged a short-term positive reversal at COB last night, signaling fresh upside momentum in $HIMS. This long call setup provides a defined-risk way to capture that move, with losses capped at the premium and unlimited profit potential above the break-even level.
📈 Trade Setup
Long HIMS $45 Call
Net debit (cost): approx. $3.50 ***This has been updated from $3.20 on initial email***
Max profit: Unlimited (upside is open-ended)
Max loss: $3.50 (premium paid)
Break-even: $48.50
Expiration: September 19, 2025
Current reference price: $45.35
🎯 Target Levels
Target 1: $48.05
Target 2: $51.36
📊 Risk/Reward
Max Risk: $3.50
Max Reward: Unlimited
Reward/Risk Ratio: Open-ended
Profit Zone: Above $48.50, with profits increasing the higher HIMS trades above strike
