Bull Call Spreads on High-Beta Names
Bull Call Spread97 trades pass on HIMS
- Return on risk
- 100.0% to 733.3%
- Probability of profit
- 25.2% to 66.5%
Hims & Hers Health, Inc. · Healthcare
As of the close on . In the app, data is refreshed intraday.
HIMS closed at $28.78 on Sep 28, 2026 with 30-day implied volatility of 69.0%. That is near the bottom of its one-year range (IV rank 16), so options on HIMS are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 18% of the past year's readings. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $5.89, or 20.5%.
The price is above its 200-day moving average (+3.9%) but below its 50-day (-2.6%), a pullback inside a longer uptrend. It is 54.1% below its 52-week high and 98.2% above its 52-week low. The 14-day RSI of 48.7 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $1.71, about 6.0% of the price, a measure of a typical day's range.
Option volume at the close (29K contracts) was 0.5x its average, much quieter than usual. A beta of 2.66 means HIMS has tended to move about 2.7 times as much as the broad market. 4 of our preset screens found trades on HIMS at the close, led by Bull Call Spreads on High-Beta Names with 97 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 2, 20264 days | 75.4% | ±$2.27 (7.9%) | $26.51 to $31.05 | $1.83 |
| Oct 30, 202632 days | 69.1% | ±$5.89 (20.5%) | $22.89 to $34.67 | $4.70 |
| Nov 20, 202653 days | 81.7% | ±$8.96 (31.1%) | $19.82 to $37.74 | $7.13 |
| Dec 18, 202681 days | 79.4% | ±$10.76 (37.4%) | $18.02 to $39.54 | $8.52 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for HIMS from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
97 trades pass on HIMS
34 trades pass on HIMS
5 trades pass on HIMS
2 trades pass on HIMS
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.