UNH Options History — January 2007

Name: UNH Options Analytics - January 2007
Creator: Options Analysis Suite

In January 2007, UNH traded between $51.47 and $55.75. ATM implied volatility averaged 24.7%. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 0.6% (HV 20d: 24.1%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.71.

Notable Days

2007-01-17: Highest Volume — 42,369 contracts
2007-01-11: Largest IV drop — 19.8% change
2007-01-17: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.01	$51.47	$55.75	$52.57	$52.26
Max Pain	$50.75	$45.00	$55.00	$45.00	$50.00
ATM IV	24.7%	21.6%	30.0%	25.3%	21.6%
Expected Move	6.9%	6.2%	7.6%	7.3%	6.2%
HV 20d	24.1%	23.0%	25.3%	25.3%	23.0%
Term Structure	-0.5%	-2.4%	1.2%	-1.3%	0.6%
VWIV	23.7%	18.1%	26.6%	26.0%	21.0%
Skew 25d	1.6%	-0.6%	4.3%	3.8%	0.4%
Skew 10d	2.6%	-3.3%	9.1%	5.3%	0.6%
Call IV 25d	23.5%	21.0%	25.4%	24.5%	21.0%
Put IV 25d	25.1%	21.4%	28.6%	28.4%	21.4%
Bid-Ask Spread %	6.52	3.12	13.45	7.93	7.64
Gamma HHI	0.32	0.27	0.41	0.27	0.35
Net GEX	18.1M	8.2M	29.4M	21.7M	10.1M
Net DEX	-547.5M	-983.1M	-203.8M	-650.2M	-252.5M
Net VEX	-2.5M	-2.6M	-2.4M	-2.4M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.14	1.93	0.49	0.37
Total Volume	15,928.9	4,826	42,369	15,551	5,093
Total OI	383,244.15	241,492	487,376	443,020	262,750

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2007-01-03	$52.57	$45.00	25.3%	7.3%	0.0%	0.0%	26.0%	3.8%	-1.3%	21.7M	-650.2M	-2.4M	0.49	7.93	10,461	5,090	295,069	147,951
2007-01-04	$52.91	$45.00	26.5%	7.6%	0.0%	0.0%	26.6%	4.3%	-2.2%	22.7M	-688.4M	-2.4M	1.48	4.36	11,737	17,372	297,254	149,504
2007-01-05	$52.55	$50.00	25.4%	7.0%	0.0%	0.0%	25.3%	2.1%	-0.5%	21.2M	-650.1M	-2.5M	0.51	8.05	7,475	3,788	301,058	161,894
2007-01-08	$53.32	$50.00	28.2%	7.0%	0.0%	0.0%	25.1%	2.8%	-0.3%	23.9M	-727.6M	-2.5M	0.54	13.45	4,834	2,595	303,395	163,880
2007-01-09	$52.68	$50.00	28.2%	7.1%	0.0%	0.0%	25.0%	2.4%	-0.4%	21.0M	-657.6M	-2.5M	0.46	12.03	7,970	3,696	300,877	164,073
2007-01-10	$52.83	$50.00	30.0%	7.3%	0.0%	0.0%	26.1%	2.3%	-1.1%	22.0M	-682.4M	-2.6M	0.69	12.31	9,626	6,683	303,899	165,883
2007-01-11	$54.45	$50.00	24.1%	6.9%	0.0%	0.0%	24.2%	2.5%	-0.6%	25.9M	-827.6M	-2.5M	0.60	5.60	9,477	5,706	303,622	168,488
2007-01-12	$55.10	$50.00	23.9%	6.9%	0.0%	0.0%	23.9%	1.9%	-0.6%	28.3M	-916.7M	-2.4M	0.36	4.72	24,468	8,820	303,492	167,759
2007-01-16	$55.75	$55.00	25.1%	7.2%	0.0%	0.0%	25.2%	2.2%	-1.6%	29.4M	-983.1M	-2.4M	0.56	5.12	12,600	7,100	314,897	170,567
2007-01-17	$55.65	$55.00	26.5%	7.6%	0.0%	0.0%	26.6%	1.9%	-2.4%	28.6M	-970.2M	-2.5M	0.32	4.86	32,083	10,286	313,403	170,842
2007-01-18	$53.80	$55.00	23.6%	6.8%	0.0%	0.0%	24.0%	0.6%	-0.5%	25.6M	-738.4M	-2.5M	0.68	7.97	17,085	11,550	314,959	172,417
2007-01-19	$53.20	$55.00	23.4%	6.7%	0.0%	0.0%	23.6%	1.2%	-0.7%	18.9M	-655.4M	-2.4M	0.14	4.08	17,060	2,470	309,972	176,208
2007-01-22	$52.19	$55.00	24.3%	7.0%	0.0%	0.0%	23.9%	0.9%	0.3%	9.2M	-224.4M	-2.4M	0.27	3.12	14,098	3,821	156,376	85,116
2007-01-23	$51.47	$50.00	23.3%	6.7%	0.0%	0.0%	19.6%	-0.6%	-0.2%	8.3M	-203.8M	-2.4M	1.63	4.03	3,758	6,114	159,886	85,828
2007-01-24	$51.80	$50.00	22.3%	6.4%	0.0%	0.0%	22.3%	0.0%	1.2%	8.4M	-217.3M	-2.4M	0.21	4.20	10,277	2,117	161,291	88,780
2007-01-25	$52.10	$50.00	22.9%	6.6%	25.3%	0.0%	22.0%	1.2%	0.6%	9.3M	-238.5M	-2.5M	1.93	4.18	1,645	3,181	164,632	89,336
2007-01-26	$51.54	$50.00	22.0%	6.3%	24.7%	0.0%	18.1%	-0.0%	0.9%	8.2M	-207.5M	-2.5M	1.69	6.00	2,015	3,409	164,952	89,518
2007-01-29	$51.73	$50.00	23.3%	6.7%	24.0%	0.0%	22.8%	0.6%	-0.3%	8.5M	-215.6M	-2.4M	0.54	5.65	3,881	2,085	165,515	91,049
2007-01-30	$52.21	$50.00	23.2%	6.7%	23.6%	0.0%	23.1%	2.0%	-0.2%	9.8M	-242.8M	-2.4M	0.64	5.18	4,291	2,761	166,695	91,796
2007-01-31	$52.26	$50.00	21.6%	6.2%	23.0%	0.0%	21.0%	0.4%	0.6%	10.1M	-252.5M	-2.4M	0.37	7.64	3,707	1,386	169,895	92,855