UNH Options History — June 2014

In June 2014, UNH traded between $78.00 and $82.34. ATM implied volatility averaged 16.7%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 4.1% (HV 20d: 12.6%). Max pain ranged from $75.00 to $77.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2014-06-11: Highest Volume — 43,846 contracts
  • 2014-06-16: Largest IV spike — 17.9% change
  • 2014-06-27: Highest IV Rank — 35.2%
  • 2014-06-17: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.33$78.00$82.34$79.47$81.75
Max Pain$77.38$75.00$77.50$75.00$77.50
ATM IV16.7%13.9%18.9%15.0%18.9%
Expected Move6.2%6.1%6.4%6.3%6.2%
HV 20d12.6%10.3%16.8%16.7%12.2%
HV 60d16.6%15.6%17.5%17.4%16.2%
IV Rank21.0%3.7%35.2%10.6%34.9%
IV Percentile20.7%0.4%45.2%3.6%45.2%
Term Structure0.7%-0.8%3.5%-0.1%-0.4%
VWIV22.1%20.3%24.6%22.9%23.0%
Skew 25d1.7%0.6%2.4%1.4%1.8%
Skew 10d3.9%0.8%6.3%3.2%4.0%
Call IV 25d16.3%13.7%18.7%14.6%18.6%
Put IV 25d18.0%14.9%21.1%16.1%20.4%
Bid-Ask Spread %8.497.639.699.007.82
Gamma HHI0.240.140.480.200.15
Net GEX14.4M3.8M21.5M17.3M11.4M
Net DEX-217.9M-319.4M-71.2M-259.8M-224.4M
Net VEX-1.5M-1.6M-1.5M-1.6M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.042.170.460.37
Total Volume6,059.3331,36243,8465,1931,531
Total OI142,353.238115,854161,346150,777119,451

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-06-02$79.47$75.0015.0%6.3%16.7%10.6%22.9%1.4%-0.1%17.3M-259.8M-1.6M0.469.003,5691,62479,21671,561
2014-06-03$79.88$77.5014.6%6.4%16.7%7.9%23.1%1.6%-0.2%19.2M-286.2M-1.5M0.287.634,3531,23781,10772,461
2014-06-04$80.51$77.5013.9%6.3%16.8%3.7%21.7%1.2%0.1%19.2M-319.4M-1.5M1.097.763,8964,25183,18472,851
2014-06-05$79.80$77.5014.6%6.2%12.6%8.0%21.4%0.6%0.0%20.4M-283.5M-1.6M0.828.734,3433,58284,68574,362
2014-06-06$79.93$77.5014.6%6.2%11.4%8.0%22.6%2.1%0.5%21.0M-280.6M-1.6M2.178.539772,12385,74275,604
2014-06-09$79.76$77.5015.1%6.2%11.5%11.3%21.3%1.1%2.8%18.5M-257.5M-1.6M0.329.152,91593583,34274,831
2014-06-10$79.81$77.5015.0%6.2%11.1%10.7%24.6%1.8%2.9%18.6M-257.2M-1.6M0.258.863,97198283,64475,021
2014-06-11$80.17$77.5014.2%6.3%11.1%5.5%23.2%2.4%3.5%20.3M-280.3M-1.5M0.048.1942,1211,72583,60975,758
2014-06-12$79.44$77.5015.0%6.3%10.8%10.8%22.0%1.1%3.4%12.2M-119.9M-1.6M0.908.0498488868,11877,028
2014-06-13$79.18$77.5015.5%6.3%10.3%13.6%21.9%1.2%3.3%9.6M-104.1M-1.6M0.758.9998374268,49377,319
2014-06-16$78.00$77.5018.3%6.3%11.9%31.0%23.3%2.0%-0.3%3.8M-71.2M-1.5M0.438.591,62470266,64575,894
2014-06-17$78.17$77.5018.7%6.4%11.6%33.8%21.0%2.4%0.5%4.0M-75.4M-1.6M0.099.512,95528067,38276,148
2014-06-18$79.21$77.5018.0%6.3%12.1%29.5%22.9%2.2%1.4%14.6M-126.6M-1.6M0.458.131,57171369,88076,158
2014-06-19$80.51$77.5018.5%6.3%12.4%32.7%20.3%1.9%0.3%21.5M-204.3M-1.6M0.439.694,3651,89669,96775,371
2014-06-20$81.41$77.5017.9%6.2%12.7%28.4%21.3%1.9%0.6%11.0M-249.4M-1.5M0.378.834,9711,85271,26976,104
2014-06-23$81.49$77.5018.3%6.1%12.6%31.3%21.8%1.3%-0.6%11.2M-216.4M-1.5M0.488.362,5961,24460,89154,963
2014-06-24$81.74$77.5018.3%6.2%12.6%31.1%22.5%1.8%-0.8%11.2M-225.1M-1.5M0.938.513,0752,86861,17855,691
2014-06-25$82.34$77.5018.1%6.2%12.4%29.8%21.7%1.9%-0.4%11.7M-249.0M-1.5M0.598.311,58993663,69057,316
2014-06-26$82.29$77.5018.4%6.2%12.1%32.1%21.5%1.5%-0.7%11.9M-246.7M-1.6M0.957.9769866464,13757,335
2014-06-27$82.00$77.5018.9%6.2%12.2%35.2%20.7%1.9%-0.3%13.3M-237.9M-1.5M1.487.741,9822,93364,46357,549
2014-06-30$81.75$77.5018.9%6.2%12.2%34.9%23.0%1.8%-0.4%11.4M-224.4M-1.5M0.377.821,12041163,49255,959