HIMS Options History — March 2025

In March 2025, HIMS traded between $28.94 and $40.91. ATM implied volatility averaged 97.9%, placing in the 55.3% IV rank vs the trailing year. The 30-day expected move averaged 30.6%. IV traded below realized volatility by 57.4% (HV 20d: 155.3%). Max pain ranged from $34.00 to $46.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2025-03-06: Highest Volume — 136,982 contracts
2025-03-12: Largest IV drop — 12.8% change
2025-03-11: Highest IV Rank — 68.6%
2025-03-10: Largest Expected Move — 35.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.52	$28.94	$40.91	$39.83	$29.76
Max Pain	$38.71	$34.00	$46.00	$46.00	$35.00
ATM IV	97.9%	82.1%	111.1%	103.7%	97.8%
Expected Move	30.6%	27.4%	35.4%	30.6%	31.1%
HV 20d	155.3%	108.4%	185.4%	177.5%	112.6%
HV 60d	123.7%	118.7%	127.6%	119.1%	127.4%
IV Rank	55.3%	39.4%	68.6%	61.1%	55.1%
IV Percentile	69.3%	39.7%	90.5%	79.8%	68.3%
Term Structure	0.8%	-19.2%	16.5%	-2.3%	11.3%
VWIV	107.1%	96.3%	122.5%	110.0%	109.3%
Skew 25d	5.7%	-15.9%	35.1%	-3.7%	6.8%
Skew 10d	7.9%	-45.9%	45.1%	-45.9%	10.9%
Call IV 25d	94.0%	64.5%	107.9%	106.9%	96.6%
Put IV 25d	99.8%	87.8%	108.4%	103.2%	103.4%
Bid-Ask Spread %	27.69	14.99	47.75	23.48	17.42
Gamma HHI	0.06	0.04	0.09	0.06	0.04
Net GEX	-676.8K	-3.9M	3.9M	-2.1M	-1.0M
Net DEX	16.6M	-287.6M	209.4M	-15.2M	36.0M
Net VEX	-2.3M	-2.7M	-1.9M	-2.6M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.44	1.26	0.54	0.58
Total Volume	79,973.714	48,806	136,982	118,749	67,340
Total OI	602,567.524	482,436	683,394	611,970	516,658

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$39.83	$46.00	103.7%	30.6%	177.5%	61.1%	110.0%	-3.7%	-2.3%	-2.1M	-15.2M	-2.6M	0.54	23.48	N/A	N/A	77,295	41,454	286,117	325,853
2025-03-04	$40.91	$45.00	94.9%	29.1%	177.5%	52.2%	102.3%	-2.2%	6.8%	-961.5K	-70.9M	-2.7M	0.65	38.53	N/A	N/A	63,193	41,133	304,729	333,754
2025-03-05	$40.61	$45.00	92.5%	27.4%	175.2%	49.8%	96.3%	-4.2%	1.0%	106.9K	-89.7M	-2.7M	0.94	31.75	N/A	N/A	34,289	32,178	323,079	338,358
2025-03-06	$34.31	$45.00	104.0%	31.9%	184.8%	61.4%	110.6%	7.8%	-3.1%	-3.9M	209.4M	-2.4M	0.71	33.95	N/A	N/A	80,107	56,875	328,200	344,117
2025-03-07	$35.86	$43.00	100.0%	28.8%	185.4%	57.4%	101.2%	35.1%	-1.2%	-2.1M	86.2M	-2.4M	0.87	47.75	N/A	N/A	71,406	62,310	343,897	339,497
2025-03-10	$34.47	$42.00	110.3%	35.4%	184.4%	67.7%	122.5%	1.5%	-1.9%	-1.8M	72.6M	-2.4M	0.86	40.42	N/A	N/A	46,110	39,658	299,586	314,242
2025-03-11	$34.36	$42.00	111.1%	34.3%	183.4%	68.6%	117.5%	-15.9%	-6.3%	-1.5M	74.7M	-2.4M	0.71	38.02	N/A	N/A	35,340	24,978	309,701	316,903
2025-03-12	$34.09	$42.00	97.0%	32.7%	183.4%	54.3%	112.1%	23.0%	9.9%	-2.0M	99.9M	-2.3M	0.44	40.14	N/A	N/A	41,689	18,218	313,925	320,973
2025-03-13	$31.51	$40.00	107.3%	33.7%	182.7%	64.8%	117.6%	-5.8%	-1.1%	-3.6M	186.7M	-2.1M	1.26	34.58	N/A	N/A	39,534	49,755	322,826	321,272
2025-03-14	$32.39	$40.00	103.4%	30.1%	159.2%	60.8%	104.8%	4.4%	0.1%	-1.4M	115.4M	-2.2M	0.65	33.97	N/A	N/A	38,826	25,322	330,279	307,666
2025-03-17	$35.22	$35.00	102.2%	30.6%	161.7%	59.6%	107.1%	4.3%	-2.0%	-619.5K	-21.6M	-2.3M	0.44	24.13	N/A	N/A	38,693	17,133	299,209	294,340
2025-03-18	$31.59	$35.00	101.7%	30.5%	164.2%	59.1%	106.3%	5.9%	-19.2%	-1.9M	127.1M	-2.1M	0.78	23.51	N/A	N/A	38,291	29,694	314,535	296,548
2025-03-19	$34.13	$35.00	96.6%	29.5%	154.9%	54.0%	102.6%	5.2%	-1.8%	491.9K	-3.8M	-2.3M	0.55	25.92	N/A	N/A	42,384	23,184	329,590	299,590
2025-03-20	$32.86	$34.00	96.5%	30.0%	154.7%	53.9%	104.1%	4.6%	-2.1%	-270.4K	56.6M	-2.2M	1.11	17.13	N/A	N/A	23,152	25,654	334,583	300,472
2025-03-21	$34.12	$34.00	91.3%	29.0%	132.7%	48.7%	101.0%	2.9%	-3.3%	3.2M	-36.5M	-2.2M	0.47	16.46	N/A	N/A	45,128	21,168	342,090	293,661
2025-03-24	$37.62	$35.00	88.6%	28.7%	138.4%	46.0%	100.4%	4.4%	0.8%	3.9M	-287.6M	-2.3M	0.53	20.11	N/A	N/A	64,617	34,098	265,754	216,682
2025-03-25	$36.88	$35.00	82.1%	28.5%	108.4%	39.4%	101.3%	2.7%	0.6%	3.9M	-246.8M	-2.3M	0.48	17.05	N/A	N/A	38,218	18,410	276,254	226,214
2025-03-26	$33.42	$35.00	92.4%	30.4%	112.8%	49.8%	107.1%	28.2%	4.8%	633.2K	-77.7M	-2.2M	0.98	24.85	N/A	N/A	44,107	43,433	283,433	232,382
2025-03-27	$32.02	$35.00	88.2%	30.3%	112.8%	45.5%	106.0%	9.6%	8.8%	-1.6M	9.8M	-2.2M	0.59	17.33	N/A	N/A	33,498	19,927	295,617	256,034
2025-03-28	$28.94	$35.00	94.2%	30.8%	114.7%	51.6%	108.2%	5.2%	16.5%	-1.7M	123.6M	-1.9M	0.79	14.99	N/A	N/A	51,175	40,474	301,181	254,117
2025-03-31	$29.76	$35.00	97.8%	31.1%	112.6%	55.1%	109.3%	6.8%	11.3%	-1.0M	36.0M	-2.0M	0.58	17.42	N/A	N/A	42,497	24,843	273,337	243,321