UNH Options History — October 2013

In October 2013, UNH traded between $66.94 and $75.19. ATM implied volatility averaged 20.8%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 3.2% (HV 20d: 24.0%). Max pain ranged from $68.00 to $75.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.85.

Notable Days

  • 2013-10-18: Highest Volume — 41,305 contracts
  • 2013-10-09: Largest IV spike — 33.0% change
  • 2013-10-09: Highest IV Rank — 32.7%
  • 2013-10-09: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.85$66.94$75.19$72.58$68.26
Max Pain$71.30$68.00$75.00$72.50$68.00
ATM IV20.8%17.9%29.3%21.6%18.0%
Expected Move6.1%5.1%7.0%6.8%5.1%
HV 20d24.0%16.9%29.8%17.7%29.8%
HV 60d19.8%16.2%21.3%19.7%21.3%
IV Rank18.0%13.0%32.7%19.3%13.2%
IV Percentile49.4%17.1%97.2%60.3%19.4%
Term Structure0.1%-1.7%1.8%-1.4%1.4%
VWIV21.6%17.5%24.7%24.4%17.5%
Skew 25d2.9%2.1%3.9%2.3%2.4%
Skew 10d6.4%4.7%8.7%5.1%4.7%
Call IV 25d20.5%17.0%23.6%22.9%17.0%
Put IV 25d23.3%19.4%27.3%25.1%19.4%
Bid-Ask Spread %9.805.4714.798.2610.43
Gamma HHI0.140.100.210.170.11
Net GEX8.4M3.8M16.5M10.3M4.8M
Net DEX-278.8M-493.5M-86.3M-372.6M-155.4M
Net VEX-1.5M-1.5M-1.4M-1.5M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.261.970.390.47
Total Volume11,3162,20441,3054,5647,508
Total OI187,165.913166,954208,694166,954206,125

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-10-01$72.58$72.5021.6%6.8%17.7%19.3%24.4%2.3%-1.4%10.3M-372.6M-1.5M0.398.263,2841,28097,94469,010
2013-10-02$72.57$72.5021.3%6.8%17.3%19.0%24.1%2.4%-1.4%11.9M-371.4M-1.5M0.446.121,53067499,77169,499
2013-10-03$72.52$72.5019.0%7.0%16.9%14.9%24.7%2.2%-1.7%12.0M-369.6M-1.5M1.226.532,4963,04799,91669,738
2013-10-04$72.99$72.5018.0%6.4%17.1%13.1%22.4%3.2%0.3%16.5M-397.3M-1.4M0.679.622,2201,483101,19370,605
2013-10-07$72.17$72.5021.3%6.7%17.4%18.9%24.3%3.5%-0.1%9.4M-353.3M-1.5M1.979.541,6803,31799,64770,259
2013-10-08$71.48$72.5022.0%6.9%17.5%20.1%24.1%3.6%-0.4%8.4M-322.1M-1.5M1.3710.573,9055,337100,33271,456
2013-10-09$71.38$72.5029.3%7.0%17.1%32.7%24.5%3.9%-0.6%7.3M-314.7M-1.5M0.947.552,4042,262101,96675,156
2013-10-10$73.98$0.0023.2%6.7%21.8%22.2%23.3%3.5%-1.0%11.6M-439.8M-1.4M0.478.989,1374,257102,90576,168
2013-10-11$74.27$74.5022.1%6.4%21.8%20.4%23.0%3.0%-1.0%12.1M-459.3M-1.4M0.988.522,7432,682104,42578,136
2013-10-14$74.72$72.5022.6%6.4%21.7%21.2%22.7%3.3%-0.2%11.7M-469.0M-1.4M0.2612.967,5651,955103,38177,396
2013-10-15$73.87$72.5022.2%6.3%21.8%20.5%22.1%3.6%0.1%12.6M-440.7M-1.4M1.7711.273,5646,325106,49977,860
2013-10-16$75.19$75.0020.9%5.9%21.7%18.2%21.2%3.6%0.4%12.0M-493.5M-1.4M1.0014.798,6488,665107,26882,437
2013-10-17$71.37$75.0017.9%5.1%26.7%13.0%18.7%2.6%0.6%4.7M-253.8M-1.4M1.135.4713,68715,464109,13786,594
2013-10-18$68.76$72.5020.3%5.8%29.8%17.1%20.4%3.1%0.7%5.6M-86.9M-1.4M1.0812.4319,83721,468113,16095,534
2013-10-21$68.20$70.0020.8%6.0%29.1%18.0%21.5%2.8%0.9%6.5M-166.3M-1.5M0.5211.0514,1107,320108,05081,352
2013-10-22$68.86$69.5019.1%5.5%29.2%15.1%19.2%2.8%0.7%7.3M-204.7M-1.5M0.459.867,1713,254110,97185,577
2013-10-23$68.01$69.5020.1%5.8%29.4%16.8%20.8%2.7%1.3%5.7M-157.6M-1.5M0.269.6715,0653,991111,83387,261
2013-10-24$67.61$69.0019.7%5.6%29.4%16.1%19.1%2.4%0.1%4.3M-103.8M-1.5M0.749.465,1093,765108,67088,616
2013-10-25$67.62$69.0019.6%5.6%29.4%15.9%19.8%2.3%0.0%3.8M-107.5M-1.5M0.7310.944,2103,073109,95689,639
2013-10-28$66.94$68.0020.0%5.7%29.5%16.7%20.5%2.5%1.0%4.4M-86.3M-1.4M0.809.584,5833,687107,88588,094
2013-10-29$68.08$68.0019.4%5.6%29.8%15.7%19.9%2.1%1.4%5.6M-145.0M-1.5M1.259.594,9286,144109,52889,827
2013-10-30$68.01$68.0019.1%5.5%29.8%15.0%18.8%2.5%1.8%4.4M-142.7M-1.5M0.7212.113,1522,282110,88493,156
2013-10-31$68.26$68.0018.0%5.1%29.8%13.2%17.5%2.4%1.4%4.8M-155.4M-1.4M0.4710.435,1012,407112,04594,080