HIMS Options History — May 2025

In May 2025, HIMS traded between $36.37 and $63.72. ATM implied volatility averaged 107.9%, placing in the 62.7% IV rank vs the trailing year. The 30-day expected move averaged 30.9%. IV traded below realized volatility by 12.4% (HV 20d: 120.2%). Max pain ranged from $32.00 to $52.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.74.

Notable Days

2025-05-06: Highest Volume — 677,415 contracts
2025-05-13: Largest IV spike — 12.6% change
2025-05-05: Highest IV Rank — 83.3%
2025-05-02: Largest Expected Move — 41.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.86	$36.37	$63.72	$36.37	$57.02
Max Pain	$45.57	$32.00	$52.00	$32.00	$52.00
ATM IV	107.9%	88.3%	125.8%	119.7%	91.8%
Expected Move	30.9%	25.3%	41.5%	39.8%	25.9%
HV 20d	120.2%	109.1%	131.3%	125.8%	109.1%
HV 60d	131.5%	116.1%	144.7%	139.4%	117.3%
IV Rank	62.7%	38.7%	83.3%	77.2%	42.8%
IV Percentile	74.0%	36.1%	95.2%	92.9%	43.7%
Term Structure	-1.5%	-6.8%	2.6%	-3.5%	-1.1%
VWIV	110.0%	90.6%	148.3%	140.8%	93.2%
Skew 25d	-8.0%	-16.5%	-1.2%	-11.3%	-3.1%
Skew 10d	-11.8%	-44.4%	-0.6%	-15.8%	-3.4%
Call IV 25d	114.3%	93.2%	132.4%	128.5%	95.6%
Put IV 25d	106.4%	88.8%	122.7%	117.2%	92.4%
Bid-Ask Spread %	22.77	11.56	35.46	21.32	20.93
Gamma HHI	0.11	0.05	0.39	0.06	0.07
Net GEX	3.6M	-12.3M	15.8M	6.7M	7.0M
Net DEX	-999.5M	-1.78B	-423.0M	-549.7M	-874.5M
Net VEX	-3.4M	-4.0M	-2.6M	-2.6M	-3.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.47	1.03	0.60	0.81
Total Volume	242,127.524	79,142	677,415	148,257	227,273
Total OI	752,037.095	593,465	904,102	647,074	731,439

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
2025-05-01	$36.37	$32.00	119.7%	39.8%	125.8%	77.2%	140.8%	-11.3%	-3.5%	6.7M	-549.7M	-2.6M	0.60	21.32	N/A	N/A	92,852	55,405	367,208	279,866
2025-05-02	$39.99	$32.00	119.4%	41.5%	124.3%	76.9%	148.3%	-8.3%	-5.6%	15.8M	-792.0M	-2.7M	0.57	15.30	N/A	N/A	164,108	93,544	375,468	291,102
2025-05-05	$42.05	$35.00	125.8%	33.3%	120.9%	83.3%	116.7%	-9.6%	-4.2%	4.5M	-692.4M	-2.7M	0.75	20.27	N/A	N/A	199,121	148,358	322,634	270,831
2025-05-06	$49.74	$35.00	113.5%	30.0%	131.3%	71.0%	104.8%	-3.5%	-2.6%	11.1M	-1.26B	-2.9M	0.63	24.03	N/A	N/A	414,577	262,838	389,353	360,558
2025-05-07	$51.61	$40.00	112.5%	30.1%	126.7%	70.0%	107.7%	-14.2%	-1.7%	11.7M	-1.31B	-3.1M	0.47	29.44	N/A	N/A	212,876	99,889	413,541	427,036
2025-05-08	$51.89	$40.00	104.2%	28.9%	122.3%	61.6%	103.3%	-8.3%	2.6%	14.2M	-1.35B	-3.1M	0.59	32.78	N/A	N/A	213,819	126,541	433,630	435,365
2025-05-09	$51.94	$45.00	107.3%	29.0%	113.5%	64.7%	105.4%	-12.9%	-1.2%	12.7M	-1.30B	-3.0M	0.54	26.86	N/A	N/A	164,968	89,751	442,449	456,923
2025-05-12	$54.72	$45.00	104.1%	29.2%	113.5%	59.8%	105.0%	-16.5%	-2.1%	8.7M	-1.22B	-3.1M	0.64	30.54	N/A	N/A	159,950	101,901	364,434	345,441
2025-05-13	$63.55	$45.00	117.1%	33.0%	120.3%	73.0%	115.8%	-12.4%	-4.0%	9.2M	-1.71B	-3.3M	0.76	24.07	N/A	N/A	192,735	145,585	381,400	367,876
2025-05-14	$61.81	$50.00	116.6%	33.0%	122.8%	72.5%	117.2%	-12.7%	-1.5%	7.2M	-1.55B	-3.6M	0.91	35.46	N/A	N/A	115,690	104,859	401,485	406,500
2025-05-15	$57.95	$50.00	115.8%	32.8%	116.5%	71.3%	115.8%	-12.1%	-0.5%	3.7M	-1.26B	-3.8M	0.85	29.65	N/A	N/A	144,158	123,012	414,540	441,324
2025-05-16	$63.72	$50.00	112.6%	32.1%	118.1%	67.0%	115.1%	-1.2%	0.2%	8.3M	-1.78B	-3.8M	0.77	22.28	N/A	N/A	185,480	142,592	435,869	468,233
2025-05-19	$62.19	$50.00	104.4%	29.7%	115.7%	58.0%	104.9%	-8.2%	1.1%	3.0M	-1.09B	-3.9M	0.90	11.56	N/A	N/A	63,818	57,338	319,381	346,435
2025-05-20	$61.25	$50.00	106.3%	30.3%	115.9%	60.1%	106.4%	-6.7%	-2.1%	2.3M	-1.04B	-4.0M	0.85	15.63	N/A	N/A	70,745	60,123	338,864	363,965
2025-05-21	$58.33	$50.00	105.6%	30.3%	120.5%	59.3%	107.1%	-5.1%	-1.2%	-2.8M	-824.0M	-4.0M	0.78	15.56	N/A	N/A	96,938	75,209	348,117	381,548
2025-05-22	$53.50	$51.00	103.4%	29.8%	128.2%	56.3%	106.2%	-5.4%	-6.8%	-12.3M	-423.0M	-3.9M	0.80	24.27	N/A	N/A	129,580	103,730	355,822	404,454
2025-05-23	$54.59	$51.00	102.8%	29.4%	127.5%	55.6%	108.0%	-1.6%	-0.5%	-9.0M	-487.4M	-4.0M	1.03	19.28	N/A	N/A	71,639	73,549	363,934	426,069
2025-05-27	$53.13	$50.00	101.4%	28.4%	129.3%	54.1%	101.1%	-4.2%	0.4%	-7.9M	-504.2M	-3.8M	0.78	19.13	N/A	N/A	68,902	53,732	311,240	371,930
2025-05-28	$53.43	$52.00	93.0%	27.1%	112.5%	44.4%	96.4%	-5.8%	1.2%	-7.9M	-524.9M	-3.8M	0.77	20.05	N/A	N/A	55,474	42,877	327,556	386,542
2025-05-29	$52.34	$52.00	88.3%	25.3%	110.0%	38.7%	90.6%	-4.4%	1.3%	-11.0M	-455.1M	-3.7M	0.80	19.84	N/A	N/A	44,014	35,128	334,129	388,288
2025-05-30	$57.02	$52.00	91.8%	25.9%	109.1%	42.8%	93.2%	-3.1%	-1.1%	7.0M	-874.5M	-3.7M	0.81	20.93	N/A	N/A	125,827	101,446	339,330	392,109