UNH Options History — April 2013

In April 2013, UNH traded between $58.54 and $63.03. ATM implied volatility averaged 23.3%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 0.2% (HV 20d: 23.5%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2013-04-02: Highest Volume — 54,728 contracts
  • 2013-04-02: Largest IV drop — 41.8% change
  • 2013-04-01: Highest IV Rank — 73.5%
  • 2013-04-01: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.93$58.54$63.03$58.97$59.93
Max Pain$58.30$55.00$60.00$55.00$60.00
ATM IV23.3%18.6%52.7%52.7%20.4%
Expected Move6.2%5.3%7.8%7.8%5.3%
HV 20d23.5%14.5%29.4%14.5%20.7%
HV 60d20.6%19.3%21.8%20.6%21.5%
IV Rank22.4%14.2%73.5%73.5%17.4%
IV Percentile47.5%16.7%99.2%99.2%35.7%
Term Structure-0.8%-5.7%1.1%-5.7%0.7%
VWIV22.1%18.8%28.8%27.8%18.8%
Skew 25d2.0%0.8%2.7%0.8%1.6%
Skew 10d5.2%3.0%8.5%8.4%3.5%
Call IV 25d21.0%18.2%26.7%26.7%18.2%
Put IV 25d23.0%19.7%27.5%27.5%19.7%
Bid-Ask Spread %9.603.4987.1687.168.19
Gamma HHI0.210.160.420.260.26
Net GEX5.6M-6.4M9.9M6.3M9.9M
Net DEX-292.0M-418.9M-126.2M-254.4M-190.9M
Net VEX-1.5M-1.5M-1.4M-1.5M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.141.651.651.23
Total Volume11,007.9091,84354,72826,2013,335
Total OI185,923147,585212,232174,357156,376

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-04-01$58.97$55.0052.7%7.8%14.5%73.5%27.8%0.8%-5.7%6.3M-254.4M-1.5M1.6587.169,88616,31589,17485,183
2013-04-02$61.74$55.0030.6%7.2%20.2%35.2%25.5%2.1%-3.9%6.4M-384.6M-1.4M0.673.5232,73821,99093,08396,267
2013-04-03$61.67$57.5028.1%7.2%20.4%30.7%25.6%1.6%-3.1%5.3M-359.8M-1.5M0.604.719,0775,487106,65396,075
2013-04-04$62.03$57.5023.1%7.1%20.3%22.0%28.8%1.7%-2.6%5.9M-371.8M-1.5M0.534.659,5555,060108,95596,791
2013-04-05$62.10$57.5021.5%6.3%20.4%19.3%22.1%2.3%-0.9%5.2M-373.7M-1.5M1.125.183,7714,205109,89397,164
2013-04-08$61.89$57.5022.6%6.3%20.6%21.1%22.8%2.2%-1.0%5.3M-357.0M-1.5M0.615.083,8282,354105,41491,601
2013-04-09$62.18$57.5022.0%6.3%20.6%20.1%22.6%2.3%-1.1%5.2M-368.3M-1.5M0.463.703,0971,421105,69092,448
2013-04-10$62.41$57.5025.0%6.1%20.6%25.3%22.3%2.3%-1.0%6.1M-378.7M-1.5M0.523.737,3023,780107,10992,881
2013-04-11$62.98$57.5021.7%6.2%20.0%19.7%21.7%2.2%-1.1%6.2M-409.1M-1.5M0.593.492,9741,754108,82693,308
2013-04-12$63.03$57.5021.1%6.0%20.1%18.5%20.8%2.2%-0.8%6.5M-418.9M-1.4M0.454.855,5852,495109,48893,673
2013-04-15$61.59$57.5022.3%6.4%22.7%20.6%23.6%2.7%-1.2%6.2M-350.1M-1.5M0.667.082,4471,605113,53094,937
2013-04-16$62.81$57.5021.4%6.1%23.2%19.1%21.5%1.7%-1.1%7.2M-418.4M-1.4M0.767.132,3041,750113,81894,887
2013-04-17$62.03$57.5022.4%6.4%24.2%20.8%22.6%2.3%-0.6%6.8M-377.5M-1.5M0.847.3313,24411,092114,33995,321
2013-04-18$59.69$60.0021.8%6.2%28.6%19.7%22.1%2.4%0.4%3.2M-229.6M-1.5M1.058.775,4565,744114,96097,171
2013-04-19$60.04$60.0020.0%5.7%28.7%16.6%20.0%2.3%0.8%-6.4M-258.7M-1.5M1.137.254,0944,624115,42796,805
2013-04-22$59.22$60.0019.7%5.7%28.9%16.1%20.3%2.2%0.5%6.2M-150.8M-1.5M1.525.793,4665,28484,44963,136
2013-04-23$58.54$60.0020.1%5.7%29.4%16.7%19.8%1.9%0.7%5.2M-126.2M-1.5M1.396.071,6412,28684,59866,276
2013-04-24$58.79$60.0019.1%5.5%29.1%15.1%19.7%1.9%0.6%5.1M-130.4M-1.5M0.386.772,08979183,52165,782
2013-04-25$59.34$60.0018.6%5.3%28.7%14.2%18.8%1.9%1.1%6.0M-155.4M-1.5M0.765.351,04779684,68365,850
2013-04-26$59.48$60.0018.7%5.4%28.5%14.4%19.1%1.6%0.8%6.5M-164.7M-1.5M0.148.108,1851,10884,98066,042
2013-04-29$60.01$60.0020.3%5.5%26.7%17.2%19.8%1.7%0.5%9.8M-194.4M-1.5M0.797.423,9653,14787,88365,859
2013-04-30$59.93$60.0020.4%5.3%20.7%17.4%18.8%1.6%0.7%9.9M-190.9M-1.5M1.238.191,4951,84088,46167,915