Health Care

Hims & Hers Health, Inc. (HIMS) options and signal

Figures as of 28 Sep 2026

HIMS is Hims & Hers Health, Inc., a Health Care name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
Trade Card	Bull call spread, 18 Dec	25 Sep
IV rank	20 of 100	28 Sep
At the money IV	67.5%	28 Sep
Priced move to 30 Oct	18.9% down, 20.5% up	28 Sep
Call wall and put wall	30 and 25	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	28.78	28 Sep
Next report	9 Nov 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for HIMS was a bull call spread expiring 18 Dec 2026, paper trading.

Figure	Value
Signal	Neutral
Strategy	Bull call spread, debit
Legs	Buy the 31 call, Sell the 40 call
Expiry	18 Dec 2026, 84 days to expiry
Limit	A debit of at most $2.01
Probability of profit	43%, the option market's odds at expiry, from delta
Max loss	$201 per contract
Max profit	$699 per contract
Breakeven	33.01
IV rank at that expiry	40 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Trade Cards in RingMaster The Trade Cards guide

Options Snapshot

HIMS's IV rank is 20 of 100 on 28 Sep 2026.

Figure	Value
IV rank	20 of 100
At the money IV	67.5%, near month, 32 days
Put/call ratio, open interest	0.66
Call open interest, strikes captured near the price	253,000 contracts
Put open interest, strikes captured near the price	167,000 contracts
Cost to trade at the money	Fair, 19.2% of the option's mid price

IV rank is where the at the money IV sits among HIMS's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, HIMS options priced a move of 18.9 percent down and 20.5 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.7%	7.3%	26.86 to 30.89
9 Oct 2026	11	11.0%	11.8%	25.60 to 32.19
23 Oct 2026	25	16.8%	17.8%	23.94 to 33.91
30 Oct 2026	32	18.9%	20.5%	23.34 to 34.68
20 Nov 2026	53	29.8%	31.6%	20.21 to 37.88
18 Dec 2026	81	35.1%	39.3%	18.68 to 40.08
19 Feb 2027	144	43.4%	48.3%	16.28 to 42.68

The range is one standard deviation either side of the close of 28.78, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, HIMS's call wall is the 30 strike and its put wall is the 25 strike.

Figure	Value
Call wall, most open call gamma	30
Put wall, most open put gamma	25
Net dollar gamma, calls minus puts	$4.71 million
Total dollar gamma, both sides	$15.74 million
Close	28.78

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 3 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, HIMS's at the money IV is 67.5 percent against 20 day realized volatility of 47.5 percent.

Figure	Value
At the money IV	67.5%
Realized volatility, 20 trading days	47.5%
Realized volatility, 60 trading days	85.5%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	271, from 5 Feb 2021
Weeks the price moved more than the one week priced move	26.7% of 236 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, HIMS's at the money IV runs from 66.7 percent at 4 days to 73.8 percent at 144 days.

Days to expiry	At the money IV
4	66.7%
11	68.0%
18	67.1%
25	67.0%
39	78.5%
53	80.4%
81	78.2%
144	73.8%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 32 day expiry, HIMS's IV ten percent below the price sits 0.6 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	68.1%	+0.6 points
At the money	67.5%	0.0 points
10% above the price	68.5%	+1.1 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, HIMS's surface spans 10 expiries out to 144 days, with IV from 63.4 to 82.3 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	66
Lowest IV among them	63.4%
Highest IV among them	82.3%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, HIMS has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	66.7%	30,323	11,652
9 Oct 2026	11	68.0%	10,008	3,675
16 Oct 2026	18	67.1%	53,564	37,117
23 Oct 2026	25	67.0%	5,171	2,328
30 Oct 2026	32	67.5%	4,939	3,546
6 Nov 2026	39	78.5%	143	162
20 Nov 2026	53	80.4%	38,191	22,465
18 Dec 2026	81	78.2%	26,824	28,222
15 Jan 2027	109	77.0%	76,261	49,541
19 Feb 2027	144	73.8%	7,694	8,677

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, HIMS's largest open interest sits at the 25 strike, with 37,234 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
25	10,787	26,447	37,234
40	26,600	9,506	36,106
30	26,630	8,932	35,562
35	22,057	7,079	29,136
50	19,235	1,278	20,513
20	4,284	15,129	19,413

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, HIMS's at the money IV moved from 65.1 percent to 67.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	65.1%	67.5%	+2.3 points
Open interest, strikes captured near the price	403,764	420,503	+16,739
Put/call ratio, open interest	0.67	0.66	-0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 42,651 HIMS option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	20,937
Puts traded	21,714
Against its recent average	0.5 times
Busier than	1 of its last 20 trading days
Open interest, whole chain	583,162 contracts
Volume to open interest	0.07
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 29 put expiring 9 Oct, 225 traded against 108 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of HIMS's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	30.51	$2.79 million	30	30
21 Sep 2026	29.35	$4.93 million	30	25
28 Sep 2026	28.78	$4.71 million	30	25

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of HIMS was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	29.44, the swing high of 14 Sep 2026
Level below the close	27.31, the swing low of 24 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Bull call spread (buy a call spread)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 HIMS sat at the 94th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	34 of 100	Neutral
20 trading days	91 of 100	Bullish
45 trading days	94 of 100	Bullish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 2 of 3 timeframes put HIMS on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Bullish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 HIMS had carried no signal for 4 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	94 of 100
24 Sep 2026	None	90 of 100
23 Sep 2026	None	54 of 100
22 Sep 2026	None	31 of 100
21 Sep 2026	Bullish	97 of 100
18 Sep 2026	Bullish	97 of 100
17 Sep 2026	None	86 of 100
16 Sep 2026	None	49 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

HIMS closed at 28.78 on 28 Sep 2026.

Figure	Value
Last close	28.78
Change over 5 trading days	-1.9%
Change over 21 trading days	-9.1%
Change over 63 trading days	-13.8%
Change over 252 trading days	-47.5%
52 week high	65.30
52 week low	13.74
20 day moving average	28.47
50 day moving average	29.55
200 day moving average	27.70
RSI, 14 days	49

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

HIMS reports next on 9 Nov 2026, and options priced an earnings move of 24.7 percent through 20 Nov 2026.

Figure	Value
Next report	9 Nov 2026, after the close
Date	Confirmed by the company
Priced earnings move	24.7%, a straddle of $7.12 at the 29 strike, expiring 20 Nov 2026
Move after the report of 10 Aug 2026	-4.0%
Move after the report of 11 May 2026	-14.1%
Move after the report of 10 Feb 2026	-3.2%
Move after the report of 10 Nov 2025	-3.2%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 6 Septembers on record, HIMS's average change was plus 8.0 percent, and it rose in 50.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+8.0%	+3.9%	50.0%	6
October	-8.5%	-9.1%	33.3%	6
November	+18.8%	+3.1%	71.4%	7

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 4 headlines naming HIMS in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	4
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is HIMS's IV rank?: HIMS's IV rank is 20 of 100 on 28 Sep 2026.
What move are HIMS options pricing?: On 28 Sep 2026, HIMS options priced a move of 18.9 percent down and 20.5 percent up by 30 Oct 2026.
Where are HIMS's call wall and put wall?: On 28 Sep 2026, HIMS's call wall is the 30 strike and its put wall is the 25 strike.
What was the latest Trade Card for HIMS on the Free plan?: On 25 Sep 2026 the Trade Card for HIMS was a bull call spread expiring 18 Dec 2026, paper trading.
When does HIMS report earnings next?: HIMS reports next on 9 Nov 2026, and options priced an earnings move of 24.7 percent through 20 Nov 2026.

More Health Care names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans