UNH Options History — November 2013

In November 2013, UNH traded between $68.63 and $74.52. ATM implied volatility averaged 18.7%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 2.0% (HV 20d: 20.7%). Max pain ranged from $62.50 to $95.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2013-11-06: Highest Volume — 39,019 contracts
  • 2013-11-11: Largest IV spike — 13.4% change
  • 2013-11-11: Highest IV Rank — 26.4%
  • 2013-11-13: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.55$68.63$74.52$68.63$74.48
Max Pain$83.97$62.50$95.00$68.00$85.00
ATM IV18.7%17.3%21.6%17.8%18.0%
Expected Move6.7%5.0%7.5%5.0%7.2%
HV 20d20.7%12.0%30.9%29.8%12.1%
HV 60d21.5%21.2%21.6%21.3%21.2%
IV Rank18.6%12.7%26.4%12.7%17.9%
IV Percentile29.4%7.9%66.3%13.5%21.8%
Term Structure0.5%-1.9%3.2%1.3%0.3%
VWIV24.3%17.3%30.0%17.3%24.7%
Skew 25d2.1%1.5%2.4%2.2%2.0%
Skew 10d4.8%3.4%11.5%4.6%3.9%
Call IV 25d18.1%16.4%20.5%16.4%17.4%
Put IV 25d20.1%18.6%22.9%18.6%19.4%
Bid-Ask Spread %7.752.4532.7611.083.03
Gamma HHI0.170.110.230.110.15
Net GEX13.3M6.3M20.7M6.4M14.2M
Net DEX-381.0M-572.0M-180.1M-181.3M-572.0M
Net VEX-1.6M-1.8M-1.4M-1.5M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.261.531.080.60
Total Volume12,342.255,30339,0195,5495,303
Total OI239,904.9205,553271,663209,029271,663

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-11-01$68.63$68.0017.8%5.0%29.8%12.7%17.3%2.2%1.3%6.4M-181.3M-1.5M1.0811.082,6692,880114,43194,598
2013-11-04$68.95$70.5018.1%5.3%29.8%13.4%18.6%1.6%0.3%6.4M-191.8M-1.4M0.8119.814,3563,511112,14393,410
2013-11-05$68.72$70.5018.1%5.2%29.6%13.4%17.8%1.9%1.2%6.3M-180.1M-1.4M0.6817.213,8662,639113,22194,254
2013-11-06$70.29$70.0019.1%5.5%30.9%15.0%19.7%2.0%0.4%9.8M-285.6M-1.5M0.6615.5023,57315,446115,41095,348
2013-11-07$69.76$69.5019.3%5.5%27.8%20.9%19.3%2.0%0.0%10.1M-251.9M-1.7M0.5318.983,5811,885128,896106,908
2013-11-08$70.50$69.5019.0%5.5%28.1%20.4%19.2%1.8%0.1%10.2M-309.0M-1.6M0.7632.768,6156,562129,059107,934
2013-11-11$70.50$0.0021.6%7.5%27.9%26.4%26.1%2.4%-1.6%11.6M-298.5M-1.8M1.253.9310,73913,450131,003107,174
2013-11-12$69.95$62.5021.5%7.5%27.8%26.1%24.6%2.2%-1.9%9.4M-252.3M-1.7M0.502.523,9351,952136,133114,647
2013-11-13$71.01$95.0020.7%7.5%27.5%24.4%30.0%2.3%-1.5%12.7M-342.3M-1.7M0.602.743,7362,229137,222115,417
2013-11-14$71.44$95.0019.3%7.4%20.6%21.1%26.8%2.4%-1.0%14.6M-381.6M-1.7M0.792.993,5142,772135,498114,001
2013-11-15$71.87$95.0018.8%7.4%15.3%19.9%25.7%2.3%-0.8%15.4M-415.9M-1.7M0.762.855,4604,158135,738114,727
2013-11-18$71.68$95.0019.0%7.3%14.9%20.3%28.9%2.3%2.8%13.8M-394.1M-1.7M0.562.695,7513,229125,600104,162
2013-11-19$71.61$95.0018.1%7.4%14.7%18.2%29.1%2.3%3.2%15.2M-396.0M-1.7M0.703.076,8414,795129,108106,448
2013-11-20$71.98$95.0017.8%7.4%13.7%17.5%26.9%2.0%3.0%18.3M-427.6M-1.7M0.702.716,2574,399132,497108,738
2013-11-21$72.91$95.0017.8%7.4%13.7%17.4%27.3%2.0%-0.2%20.5M-512.8M-1.6M0.263.0213,6573,560134,035110,490
2013-11-22$73.74$95.0017.3%7.3%13.9%16.2%27.4%2.1%-0.3%20.7M-561.0M-1.6M1.532.589,37314,328133,246112,755
2013-11-25$74.07$95.0017.7%7.2%12.8%17.1%26.1%1.5%2.6%17.3M-532.6M-1.7M0.822.458,9467,324132,702121,137
2013-11-26$74.52$90.0017.6%7.2%12.0%16.8%24.8%1.9%3.0%16.0M-570.9M-1.7M0.342.518,8213,033135,054126,898
2013-11-27$74.36$85.0017.5%7.2%12.1%16.6%25.5%2.0%0.0%17.5M-562.2M-1.7M0.882.505,1584,542139,130127,263
2013-11-29$74.48$85.0018.0%7.2%12.1%17.9%24.7%2.0%0.3%14.2M-572.0M-1.7M0.603.033,3221,981141,089130,574