UNH Options History — February 2007

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

In February 2007, UNH traded between $50.88 and $53.95. ATM implied volatility averaged 22.2%. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 0.7% (HV 20d: 21.4%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.65.

Notable Days

2007-02-15: Highest Volume — 35,612 contracts
2007-02-27: Largest IV spike — 17.5% change
2007-02-27: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.42	$50.88	$53.95	$52.80	$52.18
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	22.2%	20.0%	25.5%	20.0%	25.3%
Expected Move	6.4%	5.7%	7.3%	5.7%	7.2%
HV 20d	21.4%	19.5%	23.8%	22.7%	22.3%
Term Structure	1.4%	-0.4%	2.6%	0.8%	-0.4%
VWIV	22.3%	20.2%	24.7%	20.2%	23.4%
Skew 25d	1.2%	-0.3%	3.0%	1.6%	1.3%
Skew 10d	3.2%	-5.4%	8.9%	3.4%	1.2%
Call IV 25d	22.1%	20.1%	25.0%	20.1%	23.7%
Put IV 25d	23.3%	21.6%	26.1%	21.6%	25.0%
Bid-Ask Spread %	5.59	3.50	10.91	6.75	5.23
Gamma HHI	0.39	0.31	0.47	0.37	0.39
Net GEX	12.8M	6.5M	19.7M	11.1M	14.0M
Net DEX	-298.7M	-438.8M	-175.7M	-274.8M	-303.5M
Net VEX	-2.9M	-3.3M	-2.4M	-2.5M	-3.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.04	1.89	0.23	0.57
Total Volume	13,138.895	4,083	35,612	9,151	7,637
Total OI	297,139.474	260,374	330,285	261,919	322,009

Daily Data (19 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
2007-02-01	$52.80	$50.00	20.0%	5.7%	22.7%	0.0%	20.2%	1.6%	0.8%	11.1M	-274.8M	-2.5M	0.23	6.75	7,446	1,705	168,731	93,188
2007-02-02	$52.91	$50.00	20.4%	5.9%	22.6%	0.0%	20.9%	1.7%	1.5%	11.3M	-276.2M	-2.4M	0.43	3.73	2,864	1,219	167,189	93,185
2007-02-05	$52.33	$50.00	23.2%	6.5%	22.8%	0.0%	22.4%	1.3%	0.7%	9.9M	-241.8M	-2.4M	0.23	10.24	9,790	2,226	168,264	93,812
2007-02-06	$50.99	$50.00	21.6%	6.6%	23.8%	0.0%	22.6%	2.0%	1.8%	6.5M	-175.7M	-2.4M	0.27	6.74	27,833	7,520	171,052	94,256
2007-02-07	$51.25	$50.00	22.3%	6.6%	23.6%	0.0%	22.1%	1.6%	1.8%	8.9M	-201.8M	-2.5M	0.85	4.39	3,566	3,026	188,274	96,606
2007-02-08	$51.24	$50.00	22.5%	6.4%	23.6%	0.0%	22.7%	1.3%	2.1%	8.1M	-198.8M	-2.5M	1.16	4.84	3,411	3,944	179,719	98,532
2007-02-09	$50.88	$50.00	22.3%	6.4%	20.4%	0.0%	22.1%	1.1%	1.8%	6.8M	-178.2M	-2.6M	0.68	3.59	2,645	1,796	181,199	100,549
2007-02-12	$51.62	$50.00	22.4%	6.4%	20.7%	0.0%	22.1%	2.1%	1.2%	8.7M	-220.2M	-2.5M	1.70	3.68	8,593	14,574	180,711	101,075
2007-02-13	$51.61	$50.00	22.7%	6.5%	20.0%	0.0%	22.4%	1.9%	1.4%	7.0M	-210.9M	-2.6M	0.04	3.92	25,432	1,071	182,804	108,870
2007-02-14	$51.64	$50.00	21.8%	6.3%	20.0%	0.0%	21.8%	0.8%	2.0%	10.6M	-266.6M	-2.9M	0.22	3.50	7,560	1,632	206,332	105,944
2007-02-15	$53.61	$50.00	23.4%	6.7%	21.8%	0.0%	23.3%	-0.2%	0.1%	18.7M	-417.1M	-3.2M	0.21	10.91	29,454	6,158	212,433	106,804
2007-02-16	$53.95	$50.00	22.9%	6.6%	21.5%	0.0%	22.9%	0.5%	0.3%	18.2M	-438.8M	-3.3M	0.20	6.22	12,559	2,501	221,288	108,997
2007-02-20	$53.82	$50.00	20.6%	5.9%	20.2%	0.0%	20.8%	1.1%	2.4%	18.1M	-424.0M	-3.2M	0.93	5.01	4,879	4,547	207,565	101,644
2007-02-21	$53.53	$50.00	20.9%	6.0%	19.5%	0.0%	21.6%	0.4%	2.4%	17.7M	-396.4M	-3.2M	0.32	4.52	7,581	2,450	209,049	102,698
2007-02-22	$53.72	$50.00	20.4%	5.8%	19.5%	0.0%	22.6%	-0.3%	2.6%	19.7M	-421.4M	-3.2M	0.22	5.48	7,507	1,668	212,680	101,733
2007-02-23	$53.03	$50.00	21.1%	6.0%	20.1%	0.0%	21.4%	0.3%	2.2%	17.7M	-369.9M	-3.3M	1.55	4.69	2,174	3,380	214,858	102,617
2007-02-26	$53.21	$50.00	21.7%	6.2%	19.6%	0.0%	23.2%	3.0%	1.6%	18.3M	-383.5M	-3.3M	1.89	5.42	3,266	6,188	215,111	104,164
2007-02-27	$51.71	$50.00	25.5%	7.3%	22.3%	0.0%	24.7%	1.1%	0.7%	12.5M	-275.5M	-3.2M	0.58	7.28	6,218	3,619	215,197	106,511
2007-02-28	$52.18	$50.00	25.3%	7.2%	22.3%	0.0%	23.4%	1.3%	-0.4%	14.0M	-303.5M	-3.2M	0.57	5.23	4,852	2,785	215,444	106,565