HIMS Options History — September 2025

In September 2025, HIMS traded between $41.70 and $59.45. ATM implied volatility averaged 80.3%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 23.0%. IV traded above realized volatility by 11.9% (HV 20d: 68.5%). Max pain ranged from $46.00 to $50.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.61.

Notable Days

2025-09-12: Highest Volume — 334,096 contracts
2025-09-22: Largest IV spike — 5.8% change
2025-09-24: Highest IV Rank — 36.1%
2025-09-24: Largest Expected Move — 25.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.39	$41.70	$59.45	$41.70	$56.21
Max Pain	$48.33	$46.00	$50.00	$50.00	$50.00
ATM IV	80.3%	69.6%	88.3%	69.6%	88.3%
Expected Move	23.0%	20.2%	25.5%	20.2%	25.2%
HV 20d	68.5%	56.5%	80.0%	64.2%	80.0%
HV 60d	96.6%	77.1%	113.8%	111.6%	79.5%
IV Rank	27.5%	15.3%	36.1%	15.3%	34.8%
IV Percentile	19.1%	11.1%	29.8%	11.1%	29.8%
Term Structure	0.2%	-7.3%	11.2%	0.2%	-5.2%
VWIV	83.8%	74.9%	96.2%	76.6%	91.7%
Skew 25d	-6.8%	-10.7%	-0.2%	-9.1%	-7.2%
Skew 10d	-12.4%	-18.8%	-2.0%	-16.2%	-13.8%
Call IV 25d	86.6%	78.3%	93.7%	78.3%	93.5%
Put IV 25d	79.8%	69.2%	90.5%	69.2%	86.3%
Bid-Ask Spread %	22.37	11.26	44.38	11.26	20.28
Gamma HHI	0.08	0.04	0.27	0.07	0.06
Net GEX	10.0M	-8.1M	39.5M	-8.1M	8.3M
Net DEX	-915.5M	-1.59B	-22.4M	-22.4M	-947.8M
Net VEX	-5.8M	-6.3M	-4.8M	-4.8M	-6.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.33	1.15	0.46	0.46
Total Volume	191,999.81	85,127	334,096	85,127	136,083
Total OI	982,824.333	880,412	1,129,266	880,412	983,998

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
2025-09-02	$41.70	$50.00	69.6%	20.2%	64.2%	15.3%	76.6%	-9.1%	0.2%	-8.1M	-22.4M	-4.8M	0.46	11.26	N/A	N/A	58,321	26,806	439,923	440,489
2025-09-03	$44.59	$50.00	72.2%	21.0%	60.4%	18.3%	77.5%	-8.2%	0.4%	-381.0K	-300.5M	-5.1M	0.42	13.68	N/A	N/A	136,565	57,438	459,163	451,261
2025-09-04	$47.94	$46.00	74.4%	21.4%	56.9%	20.8%	76.6%	-8.0%	-0.3%	11.1M	-689.7M	-5.5M	0.49	15.89	N/A	N/A	162,006	78,881	488,652	460,040
2025-09-05	$48.42	$46.00	73.9%	21.3%	57.0%	20.2%	75.3%	-5.8%	1.8%	17.2M	-746.4M	-5.5M	0.63	20.76	N/A	N/A	117,663	74,534	502,954	469,447
2025-09-08	$49.56	$46.00	76.1%	22.0%	57.5%	22.8%	81.8%	-7.0%	0.3%	6.0M	-740.6M	-5.6M	0.54	22.70	N/A	N/A	124,101	66,763	457,353	445,398
2025-09-09	$47.66	$46.00	73.6%	21.1%	58.1%	19.8%	74.9%	-6.3%	0.1%	741.2K	-519.5M	-5.4M	0.69	13.86	N/A	N/A	55,157	37,995	467,474	465,407
2025-09-10	$47.73	$47.00	77.3%	22.2%	56.5%	24.2%	81.3%	-8.9%	0.2%	-72.5K	-518.7M	-5.5M	0.33	18.04	N/A	N/A	124,595	40,910	477,162	481,212
2025-09-11	$51.93	$47.00	78.9%	22.6%	64.0%	26.0%	81.3%	-10.7%	-0.2%	12.6M	-976.9M	-5.7M	0.40	23.40	N/A	N/A	130,126	52,086	492,151	486,963
2025-09-12	$55.59	$46.00	80.8%	23.1%	67.1%	28.2%	82.9%	-9.8%	-0.0%	21.8M	-1.41B	-5.7M	0.36	12.64	N/A	N/A	244,974	89,122	504,390	487,268
2025-09-15	$54.12	$47.00	82.7%	23.7%	67.6%	30.5%	85.9%	-10.1%	-0.1%	8.4M	-1.07B	-5.7M	0.49	25.21	N/A	N/A	91,434	44,632	468,546	461,922
2025-09-16	$50.94	$47.00	81.8%	23.4%	70.5%	29.4%	86.0%	-10.7%	-0.7%	3.1M	-757.3M	-5.6M	1.15	23.56	N/A	N/A	116,446	133,936	492,668	476,440
2025-09-17	$50.23	$48.00	78.4%	22.5%	66.3%	25.4%	80.5%	-8.7%	-0.2%	-310.4K	-668.4M	-5.8M	0.94	30.45	N/A	N/A	74,051	69,327	525,418	524,222
2025-09-18	$56.02	$49.00	82.5%	23.6%	74.9%	30.2%	84.4%	-6.8%	1.5%	17.9M	-1.40B	-6.0M	0.66	32.56	N/A	N/A	184,515	121,262	543,393	547,796
2025-09-19	$57.83	$50.00	78.9%	23.2%	75.2%	26.1%	82.7%	-6.3%	-7.3%	24.1M	-1.59B	-6.1M	0.72	44.38	N/A	N/A	187,132	134,772	552,685	576,581
2025-09-22	$57.86	$50.00	83.5%	23.9%	75.4%	31.4%	85.4%	-4.8%	0.6%	13.3M	-1.28B	-6.0M	0.58	16.05	N/A	N/A	69,573	40,495	458,323	452,089
2025-09-23	$56.44	$50.00	86.5%	23.6%	75.0%	34.9%	84.8%	-4.4%	-0.7%	11.8M	-1.15B	-6.0M	0.75	20.13	N/A	N/A	70,751	53,008	476,483	462,275
2025-09-24	$53.30	$50.00	87.5%	25.5%	78.0%	36.1%	92.4%	-2.9%	0.3%	1.8M	-756.5M	-6.1M	0.84	28.71	N/A	N/A	109,275	92,092	496,309	509,428
2025-09-25	$54.74	$50.00	87.2%	25.1%	77.4%	35.3%	96.2%	-0.9%	0.3%	6.7M	-938.4M	-6.3M	0.86	29.11	N/A	N/A	91,794	78,802	519,945	551,715
2025-09-26	$57.90	$50.00	85.7%	23.9%	78.9%	33.6%	88.3%	-0.2%	1.6%	39.5M	-1.41B	-6.3M	0.59	30.64	N/A	N/A	163,673	96,435	537,817	575,779
2025-09-29	$59.45	$50.00	87.4%	25.5%	76.6%	34.7%	92.4%	-6.0%	11.2%	15.6M	-1.34B	-6.3M	0.53	16.37	N/A	N/A	126,946	67,519	469,690	499,082
2025-09-30	$56.21	$50.00	88.3%	25.2%	80.0%	34.8%	91.7%	-7.2%	-5.2%	8.3M	-947.8M	-6.1M	0.46	20.28	N/A	N/A	93,289	42,794	480,470	503,528