UNH Options History — April 2014

In April 2014, UNH traded between $74.95 and $82.25. ATM implied volatility averaged 20.2%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 3.3% (HV 20d: 16.8%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2014-04-04: Highest Volume — 21,726 contracts
  • 2014-04-17: Largest IV drop — 9.7% change
  • 2014-04-07: Highest IV Rank — 60.4%
  • 2014-04-15: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.39$74.95$82.25$81.84$75.04
Max Pain$75.00$75.00$75.00$75.00$75.00
ATM IV20.2%16.5%24.1%21.5%17.1%
Expected Move6.8%6.4%6.9%6.7%6.4%
HV 20d16.8%14.5%18.5%16.0%17.9%
HV 60d19.3%18.3%20.3%20.3%18.8%
IV Rank30.3%2.7%60.4%37.0%6.9%
IV Percentile47.4%2.0%95.6%59.9%5.2%
Term Structure-0.4%-1.7%0.3%-0.1%0.2%
VWIV25.1%22.7%28.5%23.2%25.6%
Skew 25d2.1%1.0%2.7%2.7%1.8%
Skew 10d4.0%1.6%6.7%5.5%2.8%
Call IV 25d19.5%16.4%22.8%20.6%16.6%
Put IV 25d21.6%17.4%25.3%23.2%18.4%
Bid-Ask Spread %12.574.2029.705.8529.70
Gamma HHI0.130.080.170.170.08
Net GEX9.0M60.6K19.8M13.9M1.1M
Net DEX-178.1M-369.5M-30.3M-340.8M-40.3M
Net VEX-1.4M-1.5M-1.3M-1.5M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.271.750.310.48
Total Volume7,063.5242,53321,7268,5152,728
Total OI137,444.952120,830149,563135,643138,980

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$81.84$75.0021.5%6.7%16.0%37.0%23.2%2.7%-0.1%13.9M-340.8M-1.5M0.315.856,5142,00178,06157,582
2014-04-02$81.61$75.0021.9%6.7%16.0%43.9%0.0%2.6%-0.5%15.7M-336.7M-1.4M0.454.202,14896780,30558,277
2014-04-03$82.25$75.0021.9%6.7%15.9%44.1%28.3%2.5%-0.5%16.0M-369.5M-1.4M0.666.861,6121,06781,36358,639
2014-04-04$81.53$75.0023.3%6.8%16.3%54.4%24.7%2.5%-1.0%13.5M-336.0M-1.5M0.279.7617,0764,65082,11959,170
2014-04-07$81.08$75.0024.1%6.9%16.5%60.4%25.5%2.3%-0.8%17.9M-304.9M-1.5M0.598.774,8392,85386,82457,617
2014-04-08$80.66$75.0022.3%6.8%16.7%46.9%23.1%2.0%-0.9%17.6M-275.4M-1.5M0.8114.603,5482,85987,25758,441
2014-04-09$81.39$75.0022.1%6.8%16.8%45.2%25.0%2.1%-1.7%19.8M-312.4M-1.5M0.3410.781,89364088,20759,667
2014-04-10$79.99$75.0022.3%6.9%17.9%46.8%26.7%2.1%-1.0%14.3M-237.2M-1.4M1.1611.411,8262,11488,58559,773
2014-04-11$78.95$75.0022.7%6.9%17.4%49.7%25.4%2.5%-0.8%9.9M-169.2M-1.5M1.649.421,7992,95189,16760,396
2014-04-14$79.18$75.0022.3%6.9%16.8%46.6%26.0%2.6%0.2%11.9M-198.3M-1.4M0.3422.883,9951,35977,95656,498
2014-04-15$79.51$75.0021.7%6.9%15.9%42.2%24.0%2.5%-0.2%13.1M-213.3M-1.4M0.3910.383,3761,32778,70156,966
2014-04-16$78.19$75.0020.4%6.8%14.5%32.8%24.8%2.1%-0.2%9.7M-153.2M-1.4M0.5614.987,5794,25476,56856,245
2014-04-17$75.78$75.0018.5%6.8%16.0%17.7%25.5%1.9%0.2%60.6K-30.3M-1.3M0.9616.338,0797,76177,47958,091
2014-04-21$74.95$75.0018.7%6.9%16.2%19.7%22.7%2.0%-0.9%2.6M-46.0M-1.3M1.5812.033,2595,13468,09152,739
2014-04-22$75.76$75.0017.3%6.8%17.0%8.3%23.7%1.9%-0.2%2.9M-68.0M-1.3M1.7513.982,5654,48769,34057,085
2014-04-23$75.33$75.0017.3%6.8%17.0%8.7%24.3%1.8%-0.2%844.2K-48.3M-1.3M1.2011.392,4902,98670,44660,733
2014-04-24$76.59$75.0016.5%6.8%18.2%2.7%27.1%1.0%-0.1%3.2M-90.6M-1.4M0.8012.723,0422,42071,68363,036
2014-04-25$75.66$75.0017.2%6.8%18.5%7.9%24.5%1.7%-0.1%1.1M-59.6M-1.4M0.8511.042,8472,43272,65463,492
2014-04-28$75.74$75.0017.0%6.7%18.1%6.3%23.0%1.4%0.3%2.0M-63.0M-1.4M0.5914.764,9912,96369,93061,585
2014-04-29$75.20$75.0017.3%6.8%17.9%9.0%28.5%2.0%0.1%1.6M-46.5M-1.4M0.5812.024,3752,52873,28463,312
2014-04-30$75.04$75.0017.1%6.4%17.9%6.9%25.6%1.8%0.2%1.1M-40.3M-1.4M0.4829.701,84588374,79964,181