Free HIMS GEX - Hims & Hers Gamma Exposure
Free HIMS GEX maps Hims & Hers gamma exposure by strike. Choose expirations around earnings, telehealth products or regulatory events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the HIMS GEX tool
Search HIMS
HIMS is already entered. Keep it or enter another ticker, then select Search.
Select expirations
Choose one or more expiration dates to include.
Generate GEX
Select Generate GEX to view the chart and key levels.
Run up to 3 free GEX calculations per day. Need more?
Continue for free in the GEX SandboxGEX Workspace
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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
Build your HIMS GEX workspace
Add HIMS Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the HIMS GEX heatmap.
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 methodology and limitations
QuantWheel calculates HIMS GEX from the selected expirations, available options data and the formula displayed in the calculator. The result summarizes modeled gamma exposure by strike.
GEX is a model output, not observed dealer inventory or a price forecast. Open interest does not identify who owns an option, and the displayed call wall, put wall and gamma flip can change when the inputs or selected expirations change.
HIMS GEX FAQ
What is HIMS GEX?
HIMS GEX estimates gamma exposure across listed HIMS options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. HIMS GEX does not reveal actual dealer positions or predict where HIMS will trade.
How do I read the HIMS call wall and put wall?
QuantWheel labels the HIMS call wall as the strike with the largest positive modeled GEX and the HIMS put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the HIMS price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the HIMS gamma flip?
The HIMS gamma flip is the price where modeled net gamma crosses zero for the selected HIMS options data. Compare it with the current price and the shape of the strike chart. The HIMS gamma flip is a model output, not a trading signal.
Which expirations should I use for HIMS GEX?
Start with the nearest HIMS expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which HIMS contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the HIMS GEX calculator free?
Yes. You can run up to three free HIMS GEX calculations per day on the public tool. After using those calculations, continue for free in the GEX Sandbox. Check the current QuantWheel pricing page for plan access details.