HIMS GEX - Live Gamma Exposure
Live HIMS GEX levels for Hims & Hers Health, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive HIMS GEX chart.
The calculator below is pre-filled with HIMS — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the HIMS GEX heatmap.
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What is Gamma Exposure (GEX)?
Gamma Exposure represents the sensitivity of an option's delta to changes in the underlying price. Market makers hedge their gamma exposure, creating support/resistance at high GEX strikes.
Key Levels:
- Call Wall: Strike with highest positive GEX (resistance)
- Put Wall: Strike with the largest put GEX, shown as the deepest negative bar (support)
- Gamma Flip: Where total GEX changes from negative to positive
Positive GEX: Market makers sell into rallies, buy into dips (stabilizing).
Negative GEX: Market makers buy into rallies, sell into dips (amplifying moves).
Select a ticker and expiration date, then click Generate GEX to see the analysis
Understanding HIMS gamma exposure
Hims & Hers has one of the most headline-sensitive options markets in healthcare, because its business model depends on regulatory and supply conditions that can change abruptly. The compounded GLP-1 opportunity is the clearest example: FDA shortage determinations and the positions taken by branded manufacturers have each moved the stock by very large single-day amounts, and the options market has repriced repeatedly as a result.
That gives HIMS gamma exposure a binary character layered on top of a genuine subscription growth story. Retail participation is heavy and the share price is accessible, so call-side gamma builds in ladders during enthusiasm phases and the call wall gets overrun rather than respected. The put wall firms up quickly whenever regulatory risk resurfaces. Read the gamma flip level as a regulatory-sentiment threshold: this stock's largest drawdowns have followed policy and partnership news rather than any subscriber miss.
New to the concept? Start with our guides to gamma in options and the options Greeks.
HIMS GEX FAQ
What is HIMS GEX (gamma exposure)?
HIMS GEX measures the aggregate gamma that options market makers carry across all HIMS strikes and expirations. When HIMS GEX is positive, dealer hedging dampens price moves (selling rallies, buying dips); when it is negative, hedging amplifies moves. It is calculated from open interest and each contract's gamma across the Hims & Hers Health, Inc. options chain.
What is the HIMS call wall and put wall?
The HIMS call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the HIMS put wall is the strike with the largest negative gamma exposure and often acts as support. As of the latest snapshot, the call wall is at $28, the put wall is at $30, the gamma flip level is near $28.86.
What is the HIMS gamma flip level?
The HIMS gamma flip (zero-gamma) level is the price where net dealer gamma crosses from positive to negative. Above it, market-maker hedging tends to suppress HIMS volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $28.86.
How often is HIMS GEX data updated?
GEX levels on this page are recomputed from live options data throughout US market hours, and the interactive calculator below pulls fresh HIMS options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this HIMS GEX chart free?
Yes. The HIMS GEX levels on this page are free, and the interactive GEX calculator offers free daily lookups without an account. Creating a free QuantWheel account raises the daily limit, and the GEX Dashboard adds unlimited access, intraday tracking, and alerts.
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