What is the current HIMS expected move?

As of Oct 14, 2026, Hims & Hers Health, Inc. (HIMS) has an expected move of 25.26% over the next 30 days, implying a one-standard-deviation price range of $20.67 to $34.65 from the current $27.66. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.

What does the HIMS expected move mean for traders?

Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.

How is HIMS expected move calculated?

The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.

Hims & Hers Health, Inc. (HIMS) Expected Move

Expected move estimates the probable price range for a given period based on at-the-money options pricing. It reflects the market consensus for volatility over the selected timeframe.

Hims & Hers Health, Inc. (HIMS) operates in the Healthcare sector, specifically the Medical - Care Facilities industry, with a market capitalization near $6.24B, listed on NYSE, employing roughly 2,442 people, carrying a beta of 2.43 to the broader market. Hims & Hers Health, Inc. Led by Andrew Dudum, public since 2019-09-13.

Snapshot as of Oct 14, 2026.

Spot Price: $27.66
Expected Move: 25.3%
Implied High: $34.65
Implied Low: $20.67
Front DTE: 30 days

As of Oct 14, 2026, Hims & Hers Health, Inc. (HIMS) has an expected move of 25.26%, a one-standard-deviation implied price range of roughly $20.67 to $34.65 from the current $27.66. Expected move is derived from at-the-money straddle pricing and represents the market's pricing of a ±1σ move. Roughly 68% of outcomes should fall within this range under lognormal assumptions, though empirical markets have fatter tails.

HIMS Strategy Sizing to the Expected Move

With Hims & Hers Health, Inc. pricing an expected move of 25.26% from $27.66, risk-defined strategies sized to the implied range structurally target the modal outcome distribution. Iron condors with wings at the ±1σ expected move boundaries collect premium against the ~68% probability that spot stays inside the range under lognormal assumptions; strangles set wider at ±1.5σ or ±2σ target the tails but pay smaller per-trade premium. Long-vol structures (long straddles, ratio backspreads) profit when realized move exceeds the implied move, the inverse trade: they bet against the lognormal assumption itself, capitalizing on the empirically fatter equity-return tails.

How to read the HIMS implied-range chart

The shaded range below shows the one-standard-deviation implied price band at each listed expiration, derived from ATM implied volatility scaled to days-to-expiration. The front-tenor expected move is 25.26%, anchoring an implied range of approximately $20.67 to $34.65. Under lognormal assumptions, roughly 68% of outcomes fall inside that band; 95% fall inside ±2σ; 99.7% inside ±3σ. The empirical equity-return distribution has fatter tails than lognormal, so true tail-outcome frequency is moderately higher than these closed-form numbers suggest.

HIMS expected move and event pricing

Expected move widens with √time: a 5% 30-day move corresponds to roughly a 2.5% 7.5-day move and a 10% 120-day move. HIMS term-structure is in backwardation (slope -0.050), so near-dated tenors price in disproportionate vol - usually because of a known event in the front-month window.

Sizing HIMS structures to the expected move

Iron condors with wings at ±1σ collect the modal-outcome premium; ±1.5σ widens probability of inside-range to ~87% but cuts collected premium roughly in half. Strangles do the inverse trade - they pay against the same lognormal distribution, profiting when realized exceeds implied. Calendar spreads bet on the slope of the term structure rather than the level. HIMS put/call volume ratio currently at 0.63 indicates balanced flow without strong directional skew. The expected move is the inputs the chain is pricing, not a forecast - realized moves above or below are normal under any distribution.

Learn how expected move is reported and how to read the data →

Shaded band shows the ±1σ implied price range (~68% probability under lognormal assumptions) at each expiration; the center line marks current spot. Bands widen with longer DTE since volatility scales with √time.

Per-expiration expected move for HIMS derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $27.66 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.

Expiration	DTE	ATM IV	Expected Move	Implied High	Implied Low
Oct 16, 2026	2	79.2%	5.9%	$29.28	$26.04
Oct 23, 2026	9	70.4%	11.1%	$30.72	$24.60
Oct 30, 2026	16	69.3%	14.5%	$31.67	$23.65
Nov 6, 2026	23	70.1%	17.6%	$32.53	$22.79
Nov 13, 2026	30	88.1%	25.3%	$34.65	$20.67
Nov 20, 2026	37	83.1%	26.5%	$34.98	$20.34
Nov 27, 2026	44	81.0%	28.1%	$35.44	$19.88
Dec 18, 2026	65	77.6%	32.7%	$36.72	$18.60
Jan 15, 2027	93	74.2%	37.5%	$38.02	$17.30
Feb 19, 2027	128	74.7%	44.2%	$39.90	$15.42
May 21, 2027	219	77.5%	60.0%	$44.26	$11.06
Dec 17, 2027	429	77.1%	83.6%	$50.78	$4.54
Jan 21, 2028	464	76.9%	86.7%	$51.64	$3.68
Dec 15, 2028	793	77.5%	114.2%	$59.26	$-3.94
Jan 19, 2029	828	77.7%	117.0%	$60.03	$-4.71

HIMS highest implied-volatility contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
PUT	$28.00	Oct 16, 2026	2.3K	5.7K	80.7%	$0.81	$0.87
PUT	$28.00	Oct 30, 2026	783	412	70.1%	$1.66	$1.84

Top 2 contracts from the institutional-grade nightly options scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.

Frequently asked HIMS expected move questions

What is the current HIMS expected move?: As of Oct 14, 2026, Hims & Hers Health, Inc. (HIMS) has an expected move of 25.26% over the next 30 days, implying a one-standard-deviation price range of $20.67 to $34.65 from the current $27.66. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
What does the HIMS expected move mean for traders?: Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.
How is HIMS expected move calculated?: The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.