Best Options Strategy for HIMS
Looking for the best options strategy for Hims & Hers Health (HIMS)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live HIMS option chain right now, and a simple map from your view on HIMS to the strategy that fits it. Model any of them in the calculator before you trade.
HIMS for options traders
Hims & Hers Health è una piattaforma di telemedicina direct-to-consumer focalizzata su categorie sensibili allo stigma come la perdita di capelli, la salute sessuale e la gestione del peso. Poiché la sua storia di crescita dipende fortemente dallo slancio degli abbonati, dalle dinamiche competitive di prezzo e dalle decisioni normative sui farmaci galenici, il titolo è soggetto a oscillazioni brusche e guidate dal sentiment. La volatilità implicita si mantiene ben sopra la media del mercato ampio e tende a impennarsi drasticamente attorno alle trimestrali e a qualsiasi notizia della FDA o normativa che tocchi le sue principali linee di prodotto.
Quella IV persistentemente alta rende HIMS un terreno di caccia prediletto per i venditori di premio disposti a tollerare il rischio da evento — gli short straddle o gli iron condor possono estrarre un credito significativo nelle fasi più tranquille. Allo stesso tempo, la storia di movimenti fuori misura del titolo attira i trader direzionali che comprano call o put in vista di catalizzatori noti. La liquidità delle opzioni è ragionevole sulle scadenze a breve termine, anche se lo spread bid-ask può allargarsi sugli strike a più lunga scadenza, quindi un instradamento accurato degli ordini conta quando si costruiscono strutture multi-leg gamba per gamba.
Today's top-scoring strategy for HIMS
Our engine ranks defined-risk strategies on the live HIMS chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Sell | 1× | CALL | $35 | $0.30 |
| Buy | 1× | CALL | $38 | $0.03 |
Simulazione
Simulazione prospettica di 6,000 traiettorie di prezzo lognormali fino alla scadenza — non è un backtest storico.
Analisi della strategia
Greche vs prezzo
Prezzo × volatilità (oggi)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $40 | −$251 | −$239 | −$228 | −$217 | −$208 |
| $39 | −$214 | −$201 | −$191 | −$182 | −$174 |
| $37 | −$150 | −$145 | −$140 | −$137 | −$134 |
| $36 | −$74 | −$80 | −$84 | −$87 | −$90 |
| $34 | −$13 | −$25 | −$34 | −$42 | −$49 |
| $32 | $17 | $9 | $0 | −$8 | −$15 |
| $31 | $26 | $23 | $18 | $13 | $7 |
| $29 | $27 | $26 | $25 | $23 | $19 |
| $27 | $27 | $27 | $27 | $26 | $25 |
| $26 | $27 | $27 | $27 | $27 | $26 |
| $24 | $27 | $27 | $27 | $27 | $27 |
Illustrative example at HIMS's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
HIMS is currently trading with moderate implied volatility, broadly in line with other large-cap stocks. On the options we scanned that was around 32% implied volatility, and higher implied volatility means richer premiums and wider expected moves.
Options on HIMS currently price in about 32% implied volatility, versus roughly 80% the stock has actually realised over the past month. That makes options relatively cheap — an edge for strategies that buy premium, such as long calls, long puts and debit spreads.
Off that volatility, the options market is pricing a move of about ±$2,93 (±9%) in HIMS by 2026-08-21 — a range of roughly $29,37 to $35,22. Strikes inside that band hold most of the premium and see most of the action.
Across strikes, downside puts on HIMS trade at a higher implied volatility than upside calls — the market is paying up for crash protection. That skew favours selling put spreads or buying calls over symmetric trades.
Insider trading su HIMS (SEC Form 4)
Operazioni degli insider sul mercato aperto relative a HIMS negli ultimi sei mesi circa, tratte dalle comunicazioni SEC Form 4. Gli acquisti sul mercato aperto sono il segnale più raro e più forte — le vendite di routine effettuate nell'ambito di piani prestabiliti sono frequenti, quindi leggi un dato di vendita netta tenendolo presente.
| Insider | Azione | Azioni | Valore | Data |
|---|---|---|---|---|
| Okupe Oluyemi | Vendita | 7163 | $261K | 2026-07-06 |
| Okupe Oluyemi | Vendita | 18.197 | $619K | 2026-06-22 |
| Carroll Patrick Harrison | Vendita | 23.726 | $830K | 2026-06-18 |
| WELLS DAVID B | Acquisto | 48.400 | $1.2M | 2026-05-26 |
| Okupe Oluyemi | Vendita | 7950 | $188K | 2026-05-18 |
| Okupe Oluyemi | Vendita | 19.645 | $589K | 2026-04-20 |
Fonte: comunicazioni SEC Form 4 tramite Finnhub. Solo acquisti (P) e vendite (S) sul mercato aperto — assegnazioni, esercizi di opzioni, donazioni e ritenute fiscali sono esclusi. Contesto informativo, non consulenza sugli investimenti.
Earnings & IV crush
HIMS's next earnings report is due around 10 agosto 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
With earnings roughly 19 days out, HIMS's 32% implied volatility is inflated by event premium — and it usually collapses the moment results drop ("IV crush"). That rewards defined-risk premium sellers when the move stays muted, and punishes option buyers who paid the inflated price. Keep size small and risk defined through the report.
Key figures
- Market cap
- $7.3B
- Beta (vs market)
- 2.34
- 52-week range
- $13.74–$70.43 (33% up the range)
- Short interest
- 31.8% of float · 3.3 days to cover
With 31.8% of HIMS's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for HIMS
Start with your outlook on HIMS, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while HIMS stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open HIMS in the free calculator →
Domande frequenti
What is the best options strategy for HIMS?
It depends on your outlook. Bullish traders often use a long call or bull call spread on HIMS; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are HIMS options liquid enough to trade?
Hims & Hers Health (HIMS) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade HIMS options?
Buying a single HIMS call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade HIMS or any security. Do your own research.
Cosa fa Hims & Hers Health?
Hims & Hers Health (HIMS) opera nel settore Drug Manufacturers - Specialty & Generic. La sezione "Informazioni su Hims & Hers Health" qui sopra offre un quadro più completo di ciò che fa l'azienda e di come genera profitti.
Hims & Hers Health paga dividendi?
Qui non mostriamo un rendimento da dividendo confermato per Hims & Hers Health, quindi consideralo incerto: prima di scrivere delle call controlla il dividendo attuale e la data di stacco cedola (ex-dividend) presso il tuo broker — una data di stacco imminente può innescare un'assegnazione anticipata sulle call scritte in-the-money.
Quando Hims & Hers Health pubblica gli utili?
I prossimi utili di Hims & Hers Health sono attesi intorno al 10 agosto 2026. La volatilità implicita di solito sale in avvicinamento alla pubblicazione e crolla bruscamente dopo (IV crush) — un aspetto importante per qualsiasi posizione in opzioni che mantieni oltre quella data.
Tickers related to HIMS
Comparing HIMS with similar names can help you choose the best options strategy:
Informazioni sull’azienda
- Sede
- 2269 Chestnut Street, Suite 523, San Francisco, CA, 94123, United States
- Settore
- Drug Manufacturers - Specialty & Generic
- Dipendenti
- 2442
- CEO
- Mr. Andrew Dudum
- Telefono
- 415 851 0195
- Sito web
- www.hims.com
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