Bullish Trade Call on HIMS via Options Strategy

3 months ago

"Now, I want to quickly uh talk about a trade that I want to be making right now. Okay? So, here's the portfolio that I started. I'm doing a little project on the side with 100K. But look, here's HIMS. I ended up selling a put option. So, I'm looking for entry at 45. HIMS just went below 45. So, I'm pretty excited to get assigned because all I'm going to do as soon as I get assigned is take 100 shares and then start selling covered calls on this position. Once I get assigned and my average cost is 45 minus the premium, I'm going to go for 48 for capital appreciation."

The speaker provides a detailed trade call on HIMS by selling a put option to get assigned at $45 and then using a wheel strategy via covered calls at a target of $48. This strategy is backed by the stock's undervalued price and strong fundamentals, making it an attractive short-term opportunity.

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