Noteworthy Friday Option Activity: TDS, HIMS, MDB

Hims & Hers Health Inc (HIMS) and MongoDB Inc (MDB) are experiencing significantly elevated options trading volume today, with HIMS seeing 24.4 million underlying shares traded (62.5% of its average daily volume) and MDB seeing 1.8 million (61.5% of its average daily volume). Notably, the HIMS $65 strike call option and the MDB $210 strike call option, both expiring June 20, 2025, are exhibiting particularly high activity, suggesting focused interest in these specific expiration dates and strike prices.

Analysis

Hims & Hers Health Inc. (HIMS) and MongoDB Inc. (MDB) are both experiencing a significant surge in options market activity. For HIMS, the options volume represents 24.4 million underlying shares, a notable 62.5% of its 39.1 million average daily share volume. This activity is particularly concentrated in the June 20, 2025, $65 strike call options, where 20,485 contracts have traded, equivalent to 2.0 million shares. Similarly, MDB's options volume equates to 1.8 million underlying shares, or 61.5% of its 2.9 million average daily volume. Within this, the June 20, 2025, $210 strike call option is a focal point of activity, with 2,373 contracts traded. The high volume in these specific long-dated, out-of-the-money call options indicates that a segment of traders is placing targeted, and potentially bullish, bets on substantial price appreciation for both companies over the one-year horizon.

Key Decisions for Investors

• Investors should view the unusually high options volume in HIMS and MDB as a technical indicator of heightened market interest and a potential precursor to increased stock price volatility.
• The concentrated activity in long-dated call options, specifically the June 2025 $65 strike for HIMS and the $210 strike for MDB, suggests strong bullish conviction from certain market participants, warranting a closer examination of each company's long-term growth narrative.