$HIMS dropping earnings soon—here's what the options market is pricing in.

Implied move sits at $5.65, around 12.50% swing. Not small.

Look at the track record:
- Down 12.36%
- Up 18.12%
- Down 22.32%
- Barely moved at -0.58%

Three misses, one solid pop. Stock's down 28.71% since the last report, so expectations might already be baked in—or completely ignored.

Open interest? Over 1 million contracts floating around. That's serious positioning.

If you're playing this, know the history. Volatility's been wild, and the market's clearly not confident which way this breaks.