HIMS Options History — March 2023

In March 2023, HIMS traded between $8.71 and $11.50. ATM implied volatility averaged 67.5%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 13.6% (HV 20d: 81.1%). Max pain ranged from $8.00 to $11.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.46.

Notable Days

  • 2023-03-16: Highest Volume — 13,417 contracts
  • 2023-03-15: Largest IV drop — 22.5% change
  • 2023-03-13: Highest IV Rank — 57.8%
  • 2023-03-16: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.75$8.71$11.50$11.50$9.89
Max Pain$9.13$8.00$11.00$8.00$9.00
ATM IV67.5%58.8%92.7%58.8%59.0%
Expected Move18.3%16.6%20.0%16.9%16.9%
HV 20d81.1%57.2%88.9%73.9%57.2%
HV 60d68.2%61.1%70.7%61.1%69.9%
IV Rank29.9%20.3%57.8%20.3%20.5%
IV Percentile26.2%6.3%81.7%6.3%6.7%
Term Structure7.2%-2.0%15.6%1.4%15.6%
VWIV64.9%60.1%69.8%63.4%60.1%
Skew 25d2.0%-3.7%11.8%-2.7%4.0%
Skew 10d3.7%-25.3%19.5%0.3%10.3%
Call IV 25d65.2%58.9%72.3%65.5%58.9%
Put IV 25d67.1%62.8%74.4%62.8%62.9%
Bid-Ask Spread %40.9611.2676.2046.2711.26
Gamma HHI0.200.150.280.170.26
Net GEX351.1K185.0K479.3K417.8K426.6K
Net DEX-22.0M-35.2M-14.8M-35.2M-22.4M
Net VEX-84.0K-92.2K-71.8K-87.9K-92.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.062.940.380.35
Total Volume2,569.95723213,4175,359475
Total OI60,048.47853,61274,27757,31559,912

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$11.50$8.0058.8%16.9%73.9%20.3%63.4%-2.7%1.4%417.8K-35.2M-87.9K0.3846.27N/AN/A3,8851,47447,18610,129
2023-03-02$10.23$8.0063.0%18.1%87.5%24.9%67.2%-3.4%-2.0%366.2K-25.2M-84.3K0.5943.11N/AN/A3,2891,95347,52110,477
2023-03-03$10.32$8.0062.0%17.8%87.4%23.9%60.6%1.8%-0.5%389.3K-26.3M-83.3K0.1743.81N/AN/A1,86832148,96810,055
2023-03-06$10.09$11.0064.1%16.6%85.3%26.1%60.2%2.7%9.1%390.9K-24.5M-80.8K0.1554.35N/AN/A2,05931248,93510,015
2023-03-07$9.84$11.0064.4%17.3%85.8%26.4%61.7%3.8%7.7%378.1K-22.8M-79.8K0.3645.02N/AN/A1,80365249,7159,989
2023-03-08$9.86$10.0061.8%16.9%81.4%23.6%60.5%5.3%9.2%396.9K-23.1M-81.0K0.1931.92N/AN/A85916750,97310,063
2023-03-09$9.57$10.0067.1%17.1%82.5%29.5%60.7%1.1%7.7%367.7K-21.0M-79.3K0.1030.11N/AN/A1,96919251,16510,115
2023-03-10$9.00$9.0078.1%19.2%80.6%41.7%69.8%1.7%3.4%305.8K-17.4M-74.7K2.7828.08N/AN/A1,8325,08651,73010,052
2023-03-13$8.93$9.0092.7%19.1%78.7%57.8%66.0%7.2%5.2%225.9K-16.1M-73.4K0.3576.20N/AN/A1,18641052,00614,166
2023-03-14$8.71$9.0088.1%18.4%79.1%52.7%65.1%4.9%8.5%185.0K-14.8M-71.8K0.2458.84N/AN/A1,28830352,83114,080
2023-03-15$8.95$9.0068.3%19.6%78.4%30.8%68.2%11.8%5.6%235.7K-16.8M-73.9K0.3260.77N/AN/A1,50548553,25513,860
2023-03-16$10.00$9.0069.9%20.0%88.5%32.6%68.9%-1.0%5.6%479.3K-25.7M-83.1K0.0758.22N/AN/A12,58783053,16613,738
2023-03-17$9.71$9.0069.5%19.9%88.2%32.1%69.0%2.7%6.3%324.4K-24.6M-88.5K0.2319.19N/AN/A1,55235860,47113,806
2023-03-20$9.59$9.0069.2%19.8%88.3%31.8%68.7%2.0%6.1%319.6K-20.4M-85.9K0.1517.92N/AN/A6589945,2948,318
2023-03-21$9.95$9.0065.8%18.9%88.7%28.0%64.8%0.6%7.3%360.7K-22.6M-89.0K0.3654.91N/AN/A64823545,6288,377
2023-03-22$9.75$9.0066.1%18.9%88.9%28.3%67.6%-0.7%7.9%341.7K-21.3M-86.6K0.2960.64N/AN/A1805245,4918,564
2023-03-23$9.48$9.0064.8%18.6%88.2%26.9%65.8%-3.7%10.4%311.8K-19.4M-84.2K0.0714.72N/AN/A3,59024545,4468,614
2023-03-24$9.57$9.0067.8%19.4%88.2%30.3%68.3%-1.4%7.2%334.4K-20.4M-90.9K0.1758.60N/AN/A4036748,3398,743
2023-03-27$9.54$9.0066.8%19.2%88.2%29.1%66.7%0.1%7.5%339.9K-20.0M-88.7K2.9439.50N/AN/A8023548,2848,798
2023-03-28$9.91$9.0062.6%17.9%71.6%24.5%64.8%4.7%11.6%383.8K-21.9M-91.1K0.1117.00N/AN/A89410048,3018,936
2023-03-29$9.98$9.0062.6%18.0%70.5%24.5%64.5%0.5%12.6%397.3K-22.3M-91.0K0.1611.35N/AN/A4306748,7488,944
2023-03-30$9.89$9.0060.2%17.3%57.4%21.8%60.8%3.6%12.5%395.6K-22.0M-90.0K0.0660.40N/AN/A2,29513148,9298,982
2023-03-31$9.89$9.0059.0%16.9%57.2%20.5%60.1%4.0%15.6%426.6K-22.4M-92.2K0.3511.26N/AN/A35112450,8699,043