UNH Options History — March 2015

In March 2015, UNH traded between $112.46 and $120.95. ATM implied volatility averaged 21.5%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 0.2% (HV 20d: 21.7%). Max pain ranged from $100.00 to $115.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.90.

Notable Days

  • 2015-03-10: Highest Volume — 25,772 contracts
  • 2015-03-10: Largest IV spike — 9.0% change
  • 2015-03-31: Highest IV Rank — 65.6%
  • 2015-03-31: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.47$112.46$120.95$114.35$118.41
Max Pain$112.95$100.00$115.00$100.00$115.00
ATM IV21.5%19.2%24.8%19.3%24.8%
Expected Move6.4%5.5%7.8%5.5%7.8%
HV 20d21.7%18.7%24.3%18.7%24.3%
HV 60d24.5%23.8%25.0%24.5%25.0%
IV Rank46.9%33.4%65.6%34.3%65.6%
IV Percentile76.5%57.5%97.2%59.5%97.2%
Term Structure0.6%-1.2%3.2%0.8%3.2%
VWIV23.0%19.3%28.2%19.3%28.2%
Skew 25d2.8%1.2%4.1%2.5%2.5%
Skew 10d6.1%1.5%9.8%5.0%5.8%
Call IV 25d20.9%18.6%23.8%18.8%23.7%
Put IV 25d23.7%21.0%27.1%21.3%26.2%
Bid-Ask Spread %14.718.6420.8720.8720.84
Gamma HHI0.170.120.310.160.15
Net GEX13.7M-2.0M31.2M13.3M11.2M
Net DEX-369.0M-524.2M-225.4M-390.3M-311.2M
Net VEX-2.4M-2.6M-2.2M-2.3M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.181.951.000.86
Total Volume12,418.1823,24125,77211,23115,897
Total OI148,705.273135,005166,433145,310152,041

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$114.35$100.0019.3%5.5%18.7%34.3%19.3%2.5%0.8%13.3M-390.3M-2.3M1.0020.875,6225,60969,52375,787
2015-03-03$113.01$100.0019.2%5.6%19.4%33.4%20.7%1.2%-0.2%13.2M-355.7M-2.3M1.5018.264,9637,46870,88876,233
2015-03-04$113.91$100.0019.6%5.5%19.4%36.0%20.4%3.3%0.6%13.5M-383.3M-2.3M1.6416.395,3968,85171,17877,776
2015-03-05$114.77$115.0019.5%6.1%19.5%35.3%21.6%3.0%0.4%16.0M-414.3M-2.3M1.2911.446,6438,54671,68078,915
2015-03-06$112.81$115.0019.4%6.2%20.7%35.0%22.0%2.7%0.4%12.4M-347.3M-2.3M1.339.956,7479,00773,24479,389
2015-03-09$114.90$115.0020.0%6.3%20.8%38.2%22.2%3.5%1.6%15.2M-410.4M-2.2M0.1813.118,6501,55770,78978,610
2015-03-10$112.46$115.0021.8%6.9%22.1%48.4%24.1%3.1%2.1%11.3M-322.2M-2.4M0.2111.6521,2654,50772,30079,447
2015-03-11$112.72$115.0020.5%6.4%20.6%41.1%23.0%3.3%2.5%12.1M-225.4M-2.3M0.6318.151,9851,25664,11882,054
2015-03-12$114.88$115.0020.4%6.4%21.4%40.8%23.7%2.0%2.0%17.7M-304.3M-2.3M0.3717.155,2331,93864,72682,656
2015-03-13$115.25$115.0021.1%6.5%21.4%44.6%23.6%3.1%1.8%20.9M-338.8M-2.4M0.7115.813,3852,41568,16483,416
2015-03-16$118.52$115.0021.3%6.3%23.1%46.0%23.2%3.3%-0.4%18.1M-456.6M-2.3M0.388.649,4353,57966,71380,919
2015-03-17$117.60$115.0021.9%6.3%23.5%49.2%23.4%3.2%0.2%19.9M-417.7M-2.3M1.9511.532,2984,47867,98582,762
2015-03-18$119.96$115.0022.1%6.3%24.2%50.5%22.6%2.7%0.3%19.5M-498.8M-2.3M1.2710.465,7267,28468,63584,474
2015-03-19$120.76$115.0021.6%6.2%24.2%47.7%22.5%2.2%0.3%17.8M-524.2M-2.3M0.7613.0314,41610,93069,82186,977
2015-03-20$119.14$115.0021.6%6.1%23.9%47.3%21.8%2.5%0.5%9.7M-460.7M-2.3M0.6111.949,1885,57073,73592,698
2015-03-23$119.04$115.0022.4%6.1%21.3%52.1%21.3%2.7%-1.2%10.4M-365.4M-2.3M1.2917.453,1134,01664,63070,375
2015-03-24$118.12$115.0022.4%6.5%21.3%52.2%23.3%2.3%-0.2%4.8M-317.0M-2.5M1.1715.081,8102,11565,66173,377
2015-03-25$116.54$115.0023.2%6.8%21.4%56.8%24.1%2.9%0.3%1.0M-258.2M-2.5M0.8112.493,4482,80666,44474,620
2015-03-26$116.32$115.0023.9%7.1%21.4%60.4%25.0%3.5%-1.0%-2.0M-246.3M-2.6M0.5713.029,9505,66568,00476,164
2015-03-27$118.01$115.0023.6%7.1%21.9%58.7%25.0%4.1%-0.2%31.2M-356.1M-2.5M0.5215.565,6662,93573,62277,763
2015-03-30$120.95$115.0023.5%7.2%23.3%58.2%25.7%1.8%-0.7%14.4M-414.0M-2.5M0.6720.8313,0758,75769,08374,120
2015-03-31$118.41$115.0024.8%7.8%24.3%65.6%28.2%2.5%3.2%11.2M-311.2M-2.6M0.8620.848,5257,37274,78577,256