What is the current HIMS expected move?

As of Aug 28, 2026, Hims & Hers Health, Inc. (HIMS) has an expected move of 18.71% over the next 28 days, implying a one-standard-deviation price range of $23.24 to $33.94 from the current $28.59. 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 $6.43B, listed on NYSE, employing roughly 2,442 people, carrying a beta of 2.42 to the broader market. Hims & Hers Health, Inc. Led by Andrew Dudum, public since 2019-09-13.

Snapshot as of Aug 28, 2026.

Spot Price: $28.59
Expected Move: 18.7%
Implied High: $33.94
Implied Low: $23.24
Front DTE: 28 days

As of Aug 28, 2026, Hims & Hers Health, Inc. (HIMS) has an expected move of 18.71%, a one-standard-deviation implied price range of roughly $23.24 to $33.94 from the current $28.59. 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 18.71% from $28.59, 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 above 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 18.71%, anchoring an implied range of approximately $23.24 to $33.94. 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 contango (slope 0.020), so longer-dated tenors price in proportionally more vol than √time scaling alone would suggest - typically because long-dated cycles include uncertain macro states. With IV rank at 8.5%, the implied move is at the low end of the typical HIMS range - cheap optionality for buyers, thin premium for sellers.

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 0.57 indicates speculative call flow dominates - look for upside-skewed sentiment. 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 $28.59 × (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
Sep 4, 2026	7	61.5%	8.5%	$31.02	$26.16
Sep 11, 2026	14	60.7%	11.9%	$31.99	$25.19
Sep 18, 2026	21	64.2%	15.4%	$32.99	$24.19
Sep 25, 2026	28	64.6%	17.9%	$33.71	$23.47
Oct 2, 2026	35	66.6%	20.6%	$34.49	$22.69
Oct 9, 2026	42	68.6%	23.3%	$35.24	$21.94
Oct 16, 2026	49	67.5%	24.7%	$35.66	$21.52
Nov 20, 2026	84	78.0%	37.4%	$39.29	$17.89
Dec 18, 2026	112	76.4%	42.3%	$40.69	$16.49
Jan 15, 2027	140	75.8%	46.9%	$42.01	$15.17
Feb 19, 2027	175	74.3%	51.4%	$43.30	$13.88
Dec 17, 2027	476	79.5%	90.8%	$54.55	$2.63
Jan 21, 2028	511	78.9%	93.4%	$55.28	$1.90
Dec 15, 2028	840	79.3%	120.3%	$62.98	$-5.80

HIMS highest implied-volatility contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
CALL	$105.00	Dec 18, 2026	111	1.4K	103.9%	$0.06	$0.16

Top 1 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 Aug 28, 2026, Hims & Hers Health, Inc. (HIMS) has an expected move of 18.71% over the next 28 days, implying a one-standard-deviation price range of $23.24 to $33.94 from the current $28.59. 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.