HIMS Options History — December 2025

In December 2025, HIMS traded between $32.30 and $40.02. ATM implied volatility averaged 66.5%, placing in the 2.5% IV rank vs the trailing year. The 30-day expected move averaged 19.6%. IV traded above realized volatility by 4.6% (HV 20d: 61.9%). Max pain ranged from $36.00 to $45.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.60.

Notable Days

2025-12-04: Highest Volume — 192,702 contracts
2025-12-11: Largest IV drop — 5.7% change
2025-12-10: Highest IV Rank — 6.5%
2025-12-03: Largest Expected Move — 21.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.29	$32.30	$40.02	$37.78	$32.30
Max Pain	$38.23	$36.00	$45.00	$45.00	$36.00
ATM IV	66.5%	60.3%	71.4%	69.6%	61.5%
Expected Move	19.6%	17.6%	21.4%	21.2%	17.6%
HV 20d	61.9%	42.7%	73.1%	66.7%	42.7%
HV 60d	78.1%	71.9%	84.5%	83.0%	71.9%
IV Rank	2.5%	0.0%	6.5%	4.2%	1.5%
IV Percentile	1.9%	0.0%	6.7%	2.4%	1.6%
Term Structure	0.8%	-10.4%	6.1%	3.8%	1.8%
VWIV	70.3%	62.8%	77.2%	74.6%	63.2%
Skew 25d	0.8%	-2.0%	4.7%	4.7%	3.0%
Skew 10d	-2.0%	-28.4%	5.7%	-28.4%	1.7%
Call IV 25d	67.3%	59.3%	72.9%	69.0%	59.3%
Put IV 25d	68.1%	62.4%	73.7%	73.7%	62.4%
Bid-Ask Spread %	19.72	10.93	34.03	17.93	10.93
Gamma HHI	0.07	0.05	0.13	0.06	0.09
Net GEX	-903.2K	-8.1M	15.7M	1.4M	-8.1M
Net DEX	-39.9M	-365.3M	154.6M	-96.2M	154.6M
Net VEX	-4.2M	-4.9M	-3.6M	-4.6M	-3.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.32	1.33	0.85	0.74
Total Volume	85,047.545	45,158	192,702	67,341	79,090
Total OI	973,313.273	841,312	1,061,736	943,892	912,947

Daily Data (22 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
2025-12-01	$37.78	$45.00	69.6%	21.2%	66.7%	4.2%	74.6%	4.7%	3.8%	1.4M	-96.2M	-4.6M	0.85	17.93	N/A	N/A	36,351	30,990	494,804	449,088
2025-12-02	$36.53	$43.00	69.8%	21.2%	67.1%	4.5%	76.0%	2.5%	-1.0%	-1.4M	2.6M	-4.4M	0.52	18.36	N/A	N/A	42,264	21,833	516,729	465,132
2025-12-03	$36.97	$43.00	70.5%	21.4%	67.2%	5.4%	76.9%	-0.6%	-10.4%	-727.4K	-14.4M	-4.5M	0.43	22.97	N/A	N/A	57,397	24,701	525,780	472,803
2025-12-04	$40.02	$37.00	71.0%	21.3%	73.1%	6.1%	75.9%	-0.8%	2.7%	10.5M	-365.3M	-4.9M	0.32	32.66	N/A	N/A	145,809	46,893	546,654	482,621
2025-12-05	$39.50	$37.00	70.5%	21.2%	71.4%	5.4%	77.2%	-0.4%	6.1%	15.7M	-300.9M	-4.8M	0.33	34.03	N/A	N/A	104,844	34,473	564,304	497,432
2025-12-08	$39.11	$37.00	68.7%	21.1%	70.7%	3.0%	75.1%	-0.3%	3.1%	4.0M	-227.6M	-4.7M	0.74	20.99	N/A	N/A	33,127	24,447	519,721	465,676
2025-12-09	$39.56	$38.00	70.9%	20.9%	70.8%	5.8%	74.2%	-2.0%	1.7%	5.7M	-253.6M	-4.7M	0.39	19.21	N/A	N/A	43,403	16,980	531,779	477,213
2025-12-10	$37.98	$38.00	71.4%	21.1%	71.7%	6.5%	74.3%	-1.1%	3.0%	1.8M	-113.7M	-4.5M	0.69	31.68	N/A	N/A	47,054	32,521	540,030	481,413
2025-12-11	$37.63	$38.00	67.3%	19.8%	71.0%	1.1%	72.1%	-0.7%	2.1%	-811.4K	-54.3M	-4.4M	0.55	20.26	N/A	N/A	56,824	31,037	547,172	494,262
2025-12-12	$37.07	$38.00	67.2%	19.9%	66.3%	1.0%	70.7%	2.1%	4.2%	-5.9M	-36.7M	-4.4M	0.52	17.20	N/A	N/A	68,041	35,605	558,330	500,222
2025-12-15	$36.03	$38.00	67.8%	19.6%	66.6%	1.8%	69.5%	-0.3%	-1.4%	-2.4M	31.9M	-4.1M	0.62	21.29	N/A	N/A	41,265	25,549	520,569	464,856
2025-12-16	$36.77	$38.00	67.4%	19.4%	64.3%	1.3%	73.8%	2.1%	-1.3%	-246.0K	-507.8K	-4.2M	1.33	21.48	N/A	N/A	33,140	44,015	527,063	471,487
2025-12-17	$35.04	$38.00	69.6%	20.0%	65.2%	4.2%	70.4%	2.6%	-1.6%	-5.1M	128.5M	-3.9M	0.50	13.28	N/A	N/A	38,438	19,053	533,503	483,172
2025-12-18	$34.84	$38.00	65.7%	18.8%	64.8%	0.0%	67.8%	2.0%	0.6%	-6.6M	133.1M	-3.8M	0.80	25.44	N/A	N/A	63,689	51,220	542,428	480,176
2025-12-19	$35.45	$37.00	64.0%	18.4%	62.1%	0.0%	65.2%	1.9%	-0.6%	-3.7M	31.6M	-4.0M	0.67	14.57	N/A	N/A	53,247	35,678	553,840	487,132
2025-12-22	$34.91	$37.00	63.4%	18.5%	62.0%	0.0%	67.1%	-0.3%	3.1%	-1.9M	-14.1M	-3.9M	0.43	12.70	N/A	N/A	64,313	27,504	452,521	388,791
2025-12-23	$34.77	$37.00	60.8%	17.8%	50.4%	0.0%	64.5%	0.4%	1.1%	-3.2M	3.0M	-3.9M	0.41	24.23	N/A	N/A	58,391	23,651	482,551	400,150
2025-12-24	$34.86	$37.00	60.8%	17.9%	49.9%	0.0%	64.3%	-1.1%	1.2%	-2.1M	-33.3M	-3.9M	0.65	12.50	N/A	N/A	27,433	17,725	495,689	408,479
2025-12-26	$34.26	$37.00	63.2%	18.0%	47.7%	3.0%	66.2%	-0.4%	0.5%	-7.0M	29.7M	-3.8M	0.53	14.63	N/A	N/A	55,112	29,081	500,641	410,658
2025-12-29	$33.88	$37.00	60.3%	17.7%	45.7%	0.0%	62.8%	1.0%	-1.5%	-4.1M	35.3M	-3.7M	0.62	14.38	N/A	N/A	41,289	25,524	473,968	400,026
2025-12-30	$33.16	$37.00	60.8%	17.9%	43.3%	0.6%	64.2%	3.2%	1.0%	-5.6M	83.5M	-3.6M	0.62	13.04	N/A	N/A	50,524	31,521	481,586	409,494
2025-12-31	$32.30	$36.00	61.5%	17.6%	42.7%	1.5%	63.2%	3.0%	1.8%	-8.1M	154.6M	-3.6M	0.74	10.93	N/A	N/A	45,432	33,658	491,151	421,796