UNH Options History — December 2013

In December 2013, UNH traded between $70.48 and $75.30. ATM implied volatility averaged 19.8%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 4.5% (HV 20d: 15.2%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.31.

Notable Days

  • 2013-12-03: Highest Volume — 80,163 contracts
  • 2013-12-11: Largest IV spike — 9.7% change
  • 2013-12-17: Highest IV Rank — 30.5%
  • 2013-12-13: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.20$70.48$75.30$74.16$75.30
Max Pain$77.14$75.00$80.00$80.00$75.00
ATM IV19.8%16.2%23.3%17.8%22.8%
Expected Move7.3%7.1%7.4%7.2%7.1%
HV 20d15.2%11.3%18.0%12.5%18.0%
HV 60d21.4%20.8%21.9%21.3%21.5%
IV Rank22.0%13.6%30.5%17.4%29.2%
IV Percentile45.4%2.0%90.9%17.1%87.7%
Term Structure2.1%-0.7%5.1%3.3%0.4%
VWIV26.4%23.8%31.1%25.6%25.7%
Skew 25d2.3%1.9%3.2%2.2%2.4%
Skew 10d5.0%3.8%8.1%4.7%5.0%
Call IV 25d19.0%15.5%22.7%17.2%21.9%
Put IV 25d21.3%17.4%25.5%19.4%24.3%
Bid-Ask Spread %5.742.798.442.797.95
Gamma HHI0.180.120.230.160.23
Net GEX5.1M-15.2M21.3M18.0M10.0M
Net DEX-188.7M-517.5M54.9M-517.5M-270.6M
Net VEX-1.4M-1.6M-1.3M-1.6M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.128.101.052.09
Total Volume12,352.4762,72280,1639,56610,463
Total OI216,936.429173,140266,221264,452185,561

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-12-02$74.16$80.0017.8%7.2%12.5%17.4%25.6%2.2%3.3%18.0M-517.5M-1.6M1.052.794,6654,901136,308128,144
2013-12-03$73.73$80.0016.8%7.3%13.0%14.9%29.1%2.1%4.6%17.2M-477.4M-1.6M0.125.9271,8078,356136,433129,788
2013-12-04$73.65$80.0016.4%7.3%12.8%14.0%24.7%2.0%4.8%13.8M-228.5M-1.6M1.574.163,3625,272101,251133,887
2013-12-05$72.75$80.0017.0%7.3%11.9%15.6%26.1%2.1%4.5%-362.7K-126.5M-1.6M1.373.843,9765,439101,053136,883
2013-12-06$73.50$80.0016.3%7.3%11.7%13.9%24.6%1.9%5.0%21.3M-202.9M-1.5M0.403.704,7281,869101,969137,529
2013-12-09$73.72$80.0016.6%7.3%11.3%14.5%31.1%1.9%5.0%12.0M-231.0M-1.5M0.953.781,9551,86496,480124,269
2013-12-10$74.05$80.0016.2%7.2%11.3%13.6%28.6%1.9%4.6%14.4M-268.9M-1.4M0.703.591,9691,37597,001124,757
2013-12-11$72.14$80.0017.8%7.3%14.9%17.3%25.8%2.3%4.2%373.8K-88.3M-1.5M1.375.024,0235,50797,529125,239
2013-12-12$71.01$80.0019.3%7.4%15.2%21.1%26.5%2.6%5.1%-9.2M5.5M-1.4M0.283.4413,7713,79097,696126,381
2013-12-13$70.48$75.0020.5%7.4%15.2%23.9%26.0%2.7%4.0%-14.9M54.9M-1.4M0.656.663,0031,93996,520126,640
2013-12-16$71.06$75.0022.4%7.4%15.4%28.3%26.2%3.2%-0.3%-11.4M-4.9M-1.4M0.964.992,0651,98392,164123,395
2013-12-17$70.73$75.0023.3%7.4%15.4%30.5%26.5%2.8%-0.7%-15.2M18.5M-1.3M1.047.011,3361,38692,929124,223
2013-12-18$72.38$75.0021.5%7.3%17.6%26.1%25.6%2.4%0.3%1.3M-128.4M-1.3M8.108.443,57528,94893,194124,880
2013-12-19$72.39$75.0021.9%7.2%17.5%27.0%25.1%2.8%-0.1%5.5M-109.9M-1.3M1.056.352,6692,81594,008130,556
2013-12-20$73.35$75.0021.2%7.2%17.5%25.4%0.0%2.4%-0.3%10.3M-239.1M-1.3M1.167.327,3918,60695,360130,554
2013-12-23$74.35$75.0020.9%7.1%17.7%24.8%25.6%2.2%0.3%5.3M-215.7M-1.3M0.707.467,8745,52374,31598,825
2013-12-24$74.13$75.0021.6%7.1%17.7%26.3%25.2%1.9%0.0%5.4M-206.3M-1.3M1.477.122,1193,10580,445102,020
2013-12-26$74.85$75.0021.4%7.2%17.9%26.0%23.8%2.0%-0.4%10.8M-251.8M-1.3M1.496.822,1643,22181,617104,037
2013-12-27$74.69$75.0021.6%7.1%17.9%26.3%26.9%2.1%-0.2%7.2M-241.8M-1.3M0.506.843,9891,98682,965105,765
2013-12-30$74.78$75.0021.7%7.2%17.9%26.7%29.3%2.3%0.5%5.2M-232.0M-1.3M0.617.342,8591,75479,585103,510
2013-12-31$75.30$75.0022.8%7.1%18.0%29.2%25.7%2.4%0.4%10.0M-270.6M-1.3M2.097.953,3857,07881,529104,032