Data through close

HIMS max pain, gamma exposure (GEX) & options open interest

As of close · rank #148 by open interest · 1,348 sessions of history since Jan 21, 2021

HIMS's nearest-expiration max pain is 28.50 for 2026-10-30, its GEX flip is 25.30, net GEX is 6,572,651, its put/call open-interest ratio is 0.66. These are whole-chain derived aggregates as of Oct 23, 2026 close.

HIMS max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
28.50
+2.9% from close
Expiry: 2026-10-30
GEX flip
25.30
-8.7% from close
Net GEX
6,572,651
934,567 per 100k OI
Call wall
30.00
+8.3% from close
Put wall
25.00
-9.8% from close
Put/call OI
0.66
280,303 puts / 422,980 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Close
27.71
prev 29.13
Gamma max
34.36
+24.0% from close
Delta neutral
26.42
-4.6% from close
Gamma neutral
25.30
-8.7% from close
Open interest
703,283
-8.8% vs prev
Contracts listed
741
427 calls · 409 puts

Advanced options analysis

Public aggregate analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
37.9
cross-sectional score / 100
Directional score
4.1
mixed positioning
IV rank
20.3
within trailing 52-week range
Front IV premium
-1.9 pp
front minus back volatility difference
25Δ risk reversal
1.1 pp
put IV minus call IV
IV butterfly
16.6 pp
front-window smile convexity
Volume / open interest
0.12
92,724 contracts traded
Normalized net delta
0.064
option-holder convention
Modeled dealer delta
-0.063
opposite-side scenario
Vanna / 100k OI
2,728
volatility-sensitive delta
Charm / 100k OI
46,820
time-decay-sensitive delta
IV surface range
73.2 pp
aggregate volatility dispersion

Strongest relative signals: smile convexity 16.6 pp · volume/OI 0.12

Download the dated aggregate analysis JSON .

HIMS closed 24.0% below its gamma max of 34.36. It is 4.6% above the delta neutral price of 26.42. Total open interest is 703,283, -8.8% versus the previous session. Its options catalyst-intensity score is 37.9 out of 100, led by smile convexity 16.6 pp, volume/OI 0.12. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

HIMS call and put open interest changes
Measure Value
Call OI change, 1 session -55,147 contracts · -11.5%
Put OI change, 1 session -12,773 contracts · -4.4%
Call minus put OI growth, 1 session -7.2 pp
Call OI change, 5 sessions -290 contracts · -0.1%
Put OI change, 5 sessions +6,087 contracts · +2.2%
Call minus put OI growth, 5 sessions -2.3 pp
Daily call OI change surprise -1.18σ (252 prior changes)
Daily put OI change surprise -0.35σ (252 prior changes)
Daily call-minus-put growth surprise -2.91σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-10-23. The max pain curve pools all listed expirations; individual contracts are outside the public dataset.

Aggregate IV history

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What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses below gamma max 30 completed Day +10 paths · latest Sep 23, 2026
HIMS returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -24.0% -12.0% 0% +12.0% +24.0% Cross on Feb 10, 2021 Cross on Jun 1, 2021 Cross on Jun 9, 2021 Cross on Mar 3, 2022 Cross on Mar 24, 2022 Cross on Mar 29, 2022 Cross on Nov 11, 2022 Cross on Nov 16, 2022 Cross on Jan 19, 2023 Cross on Mar 2, 2023 Cross on Apr 20, 2023 Cross on Apr 25, 2023 Cross on May 2, 2023 Cross on May 4, 2023 Cross on Nov 15, 2023 Cross on Dec 13, 2023 Cross on Feb 13, 2024 Cross on Mar 1, 2024 Cross on Mar 8, 2024 Cross on Mar 22, 2024 Cross on Oct 2, 2024 Cross on Oct 8, 2024 Cross on Oct 18, 2024 Cross on Nov 7, 2024 Cross on Feb 3, 2025 Cross on Jul 24, 2025 Cross on Apr 21, 2026 Cross on Jun 22, 2026 Cross on Jul 2, 2026 Cross on Sep 23, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HIMS historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 30 +0.2% -1.5% to +3.4% 53% -0.1% to +1.5% 0.0%
Day +2 30 +0.7% -2.8% to +5.1% 53% -2.1% to +2.5% 0.0%
Day +3 30 +1.4% -1.5% to +3.5% 57% -0.5% to +2.7% 0.0%
Day +4 30 +1.0% -2.6% to +3.0% 57% -1.1% to +1.5% 0.0%
Day +5 30 -0.8% -6.3% to +4.9% 43% -3.9% to +2.6% 0.0%
Day +6 30 +0.9% -8.1% to +5.9% 53% -5.8% to +3.6% 0.0%
Day +7 30 +0.0% -7.7% to +6.7% 50% -4.2% to +4.6% 0.0%
Day +8 30 +0.7% -7.8% to +8.2% 53% -6.7% to +7.6% 0.0%
Day +9 30 +2.0% -9.3% to +9.6% 53% -7.8% to +7.0% 0.0%
Day +10 30 +3.1% -8.8% to +11.0% 53% -8.1% to +7.9% 0.0%
Crosses above gamma max 30 completed Day +10 paths · latest Sep 22, 2026
HIMS returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -22.0% -11.0% 0% +11.0% +22.0% Cross on May 28, 2021 Cross on Jun 7, 2021 Cross on Feb 23, 2022 Cross on Mar 22, 2022 Cross on Mar 28, 2022 Cross on Jun 27, 2022 Cross on Nov 10, 2022 Cross on Nov 15, 2022 Cross on Jan 17, 2023 Cross on Feb 9, 2023 Cross on Apr 19, 2023 Cross on Apr 21, 2023 Cross on May 1, 2023 Cross on May 3, 2023 Cross on May 5, 2023 Cross on Nov 14, 2023 Cross on Nov 17, 2023 Cross on Feb 8, 2024 Cross on Feb 14, 2024 Cross on Mar 4, 2024 Cross on Mar 15, 2024 Cross on May 17, 2024 Cross on Oct 1, 2024 Cross on Oct 7, 2024 Cross on Oct 14, 2024 Cross on Jan 30, 2025 Cross on Apr 15, 2026 Cross on Jun 17, 2026 Cross on Jul 1, 2026 Cross on Sep 22, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
HIMS historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 30 +0.3% -2.9% to +4.5% 53% -1.9% to +3.6% 0.0%
Day +2 30 +0.3% -3.7% to +4.7% 57% -2.5% to +2.2% 0.0%
Day +3 30 -2.0% -4.1% to +4.7% 40% -3.8% to +1.5% 0.0%
Day +4 30 -0.3% -4.5% to +4.6% 47% -3.1% to +1.4% 0.0%
Day +5 30 +0.9% -4.7% to +6.6% 50% -1.6% to +3.0% 0.0%
Day +6 30 +1.6% -3.2% to +8.1% 60% -0.5% to +6.1% 0.0%
Day +7 30 +0.7% -4.0% to +4.7% 50% -2.4% to +3.6% 0.0%
Day +8 30 +0.8% -4.6% to +8.6% 53% -3.2% to +7.4% 0.0%
Day +9 30 +3.2% -4.9% to +13.6% 57% -2.5% to +6.2% 0.0%
Day +10 30 +6.3% -3.3% to +12.6% 57% -0.7% to +8.4% 0.0%

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

HIMS trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 8
Delta neutral crosses 17
Prior-year sessions closer to gamma max 83.3% of 252
Prior-year sessions closer to delta neutral 25.4% of 252
Open interest percentile (1y) 1th
Daily open interest change versus prior year -0.84σ (-67,920 contracts; 252 prior changes)
Open interest change, 5 sessions +0.8%
Open interest change, 21 sessions -14.0%
History available Jan 21, 2021 → Oct 23, 2026

Recent crosses

  1. closed below gamma max at 28.39 vs 30.26 (-6.6%)
  2. closed above gamma max at 30.43 vs 30.39 (+0.1%)
  3. closed below gamma max at 36.71 vs 38.86 (-5.8%)
  4. closed above gamma max at 37.62 vs 37.05 (+1.5%)
  5. closed below gamma max at 33.54 vs 34.71 (-3.5%)
  6. closed above gamma max at 31.95 vs 31.54 (+1.3%)
  7. closed below gamma max at 29.76 vs 30.90 (-3.8%)
  8. closed above gamma max at 24.29 vs 22.31 (+8.1%)
  9. closed above delta neutral at 21.15 vs 20.06 (+5.2%)
  10. closed below delta neutral at 19.50 vs 19.79 (-1.5%)

In today's screens

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/HIMS

Questions people ask about HIMS

What is HIMS's max pain for the nearest expiration?

As of Oct 23, 2026 close, nearest-expiration max pain is 28.50 for the 2026-10-30 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

What do HIMS's gamma exposure and gamma flip show?

Signed net GEX is 6,572,651 as of Oct 23, 2026 close. The confirmed GEX flip is 25.30. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is HIMS's gamma max today?

As of Oct 23, 2026, the gamma max for HIMS is 34.36, +24.0% from the 27.71 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is HIMS above or below its delta neutral price?

HIMS closed above delta neutral: 27.71 against a delta neutral price of 26.42. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does HIMS have?

703,283 contracts of open interest across 741 listed contracts on Oct 23, 2026, -8.8% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.