AInvestOption Pilot Program
Options/HIMZ
H

HIMZDefiance Daily Target 2X Long HIMS ETF

Options Analysis Report
AUM $53M|NASDAQ
● 2026-08-31$27.09
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -85.1%YTD -68.4%7D -15.8%
659
30D
±35.9%
14%

HIMZ Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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HIMZ Gamma Walls

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Value

Is IV priced right?

4.6
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 99.1% — elevated vs history

<1.05x

IV/HV 0.78x — IV ≤ HV

Sector Relative≤50%

Sector percentile 99% — above sector median

<1.1x

Front/Back 0.78x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 151.1% — crisis-level IV

<80%

Effective IV 181.7% (ATM 151.1% + spread 15.3% + bias) — expensive

<3.0%

Total drag 20.48% (spread 15.31% + slippage 5.17%) — high friction

≥5.0

Vega efficiency 3.75 (vega 5.743 / spread 15.31%) — spread drag

Sentiment

Bullish or bearish?

3.9
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -16%, Raw: -13%)
|net sentiment| ≥25%

Conviction-weighted: -16% (bearish) — Raw: -13%

≥15%

|OI skew| 29.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -20.2%, OI skew +29.0% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: -40%, OTM: -9% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 91% — very bearish vs sector

Activity

Unusual activity?

5.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 1.5x avg — elevated

≥15%

Vol/OI 9.4% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +9.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 83% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 24% — patient

≥30

Conviction -16 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.8
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed
≤5.0%

Spread 15.3% — wide

≥10,000

OI 7,000 — thin

≥500

Volume 659/day — adequate

≤$0.50

$0.77 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 100% — much wider than sector

≥100 contracts

Depth 620.3 contracts (bid:371.8 ask:248.5) — deep

<1.0%

Avg slippage 5.17% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -21.8% — contango

<30 or >70

IV percentile 99% — seller opportunity

≥10pts kink

IV kink -23.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 211.14 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -16% @ 58% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls4.5
bullishIV fair, bearish flow
Long Puts5.3
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.6
bullishIV fair, bearish flow
Covered Call5.4
bearishIV fair, bearish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on HIMZ

HIMZ gamma wallsHIMZ max painHIMZ IV rankHIMZ options flow