Trade Call: Sell $45 Put on HIMS for Momentum Pickup

3 months ago

"The first thing that I did was I sold him $45 put. I think HIMS is an incredibly smart play. So, if you have really any amount of money, then look, 10% of your money in HIMS is a smart play in my opinion because HIMS has a very good business. And right now on the technical chart, Hims is actually pretty low. Like HIMS had a high of like $63 here in the past 3 months, and it's been trending pretty sideways. You can see how the moving average is actually very stable. However, the stock has recently taken a dip and a pretty big dip at that. Now, look, the Ballinger band is also coming down. So, this is a good opportunity to buy him as we had kind of a low here. I think we're going to get a pick up in HIMS."

The speaker executed a trade by selling a $45 put on HIMS, citing its technical dip, stable moving average, and potential for a momentum pickup as reasons for the play.

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