UNH Options History — April 2015

In April 2015, UNH traded between $111.44 and $121.33. ATM implied volatility averaged 22.2%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 0.1% (HV 20d: 22.1%). Max pain ranged from $115.00 to $117.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.26.

Notable Days

  • 2015-04-15: Highest Volume — 46,725 contracts
  • 2015-04-16: Largest IV drop — 24.3% change
  • 2015-04-15: Highest IV Rank — 70.7%
  • 2015-04-01: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.81$111.44$121.33$117.46$111.44
Max Pain$115.52$115.00$117.00$115.00$116.00
ATM IV22.2%17.9%25.7%25.5%23.3%
Expected Move6.3%5.0%8.2%8.2%7.1%
HV 20d22.1%17.7%24.5%24.5%24.2%
HV 60d22.8%21.2%24.8%24.8%22.7%
IV Rank50.6%26.4%70.7%69.7%57.3%
IV Percentile77.1%37.3%98.8%98.8%88.5%
Term Structure-0.4%-1.8%0.4%-0.7%-0.0%
VWIV22.9%18.3%29.0%29.0%23.9%
Skew 25d2.9%1.9%3.9%3.5%3.9%
Skew 10d5.9%3.9%9.5%6.3%6.2%
Call IV 25d21.3%17.3%24.5%24.5%22.0%
Put IV 25d24.2%19.4%28.0%28.0%25.9%
Bid-Ask Spread %12.196.6319.5719.5712.08
Gamma HHI0.140.090.220.140.09
Net GEX8.4M-17.4M34.4M4.7M-17.4M
Net DEX-271.8M-510.0M137.7M-255.7M137.7M
Net VEX-2.7M-3.3M-2.5M-2.7M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.582.751.192.75
Total Volume19,038.5715,36646,72514,38729,583
Total OI167,524.143148,803206,408154,008206,408

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$117.46$115.0025.5%8.2%24.5%69.7%29.0%3.5%-0.7%4.7M-255.7M-2.7M1.1919.576,5647,82374,06379,945
2015-04-02$117.57$115.0024.4%6.6%24.4%63.5%26.2%3.1%-0.5%6.5M-266.8M-2.7M1.1514.646,1047,03574,98880,699
2015-04-06$117.75$115.0024.6%6.7%23.4%64.4%26.1%3.5%-1.0%10.5M-290.8M-2.5M0.9812.954,9684,86671,38977,414
2015-04-07$117.39$115.0024.7%7.1%22.6%65.2%25.3%3.8%0.3%10.7M-273.8M-2.6M1.0910.387,1497,80972,74678,411
2015-04-08$118.19$115.0024.6%6.7%21.1%64.6%24.0%3.4%-1.2%12.9M-307.7M-2.6M1.4310.982,2123,15473,63980,196
2015-04-09$118.52$115.0024.1%6.7%21.1%62.0%26.8%2.9%-1.1%14.4M-325.8M-2.5M1.1110.615,8126,44074,37181,495
2015-04-10$118.90$115.0024.0%6.7%20.2%61.1%24.2%3.2%-0.9%15.3M-353.6M-2.5M0.608.249,0525,44874,96482,212
2015-04-13$119.36$115.0024.6%7.0%20.2%64.7%24.3%3.6%-0.6%12.5M-347.5M-2.6M0.5813.098,9885,17272,04079,320
2015-04-14$119.78$115.0024.8%7.1%17.7%65.6%25.1%2.7%-0.4%16.1M-379.7M-2.6M1.1919.115,2156,20076,73881,158
2015-04-15$117.20$115.0025.7%7.4%19.2%70.7%25.4%2.9%-1.8%10.8M-276.0M-2.6M1.0514.6122,79723,92878,56183,089
2015-04-16$121.33$115.0019.4%5.6%21.8%35.0%20.5%2.3%-0.2%34.4M-510.0M-2.5M0.836.6320,35016,92384,62390,925
2015-04-17$118.74$115.0020.8%6.0%23.0%42.6%20.9%1.9%0.0%16.0M-314.5M-2.7M0.898.109,5538,51889,70498,733
2015-04-20$118.60$115.0018.9%5.3%22.5%31.8%19.5%2.6%-0.1%10.8M-293.7M-2.6M1.3011.629,14111,89676,00684,026
2015-04-21$119.33$115.0018.5%5.2%22.6%29.4%18.3%2.0%0.4%12.4M-330.4M-2.7M0.898.787,2856,47679,23386,999
2015-04-22$117.87$116.0018.8%5.3%22.9%31.3%18.7%2.5%0.2%6.9M-269.6M-2.8M1.0211.147,5107,62781,48388,852
2015-04-23$118.38$116.0018.5%5.3%22.4%29.8%18.5%1.9%-0.2%9.9M-301.2M-2.8M1.1111.076,1846,89383,58489,717
2015-04-24$118.77$117.0017.9%5.0%22.4%26.4%18.4%2.0%0.2%10.2M-321.5M-2.8M2.0614.455,76011,86284,63891,378
2015-04-27$116.26$117.0020.0%5.9%23.1%38.1%20.4%2.6%0.3%-4.6M-187.6M-2.9M1.5410.778,11812,49783,56592,983
2015-04-28$117.54$117.0019.7%5.6%21.6%36.6%20.5%3.3%0.1%-1.3M-244.5M-3.0M2.2311.027,53816,83986,58797,870
2015-04-29$113.68$117.0022.6%6.8%23.4%53.2%24.4%3.0%-0.2%-15.8M4.4M-3.2M1.4716.0813,17219,34987,426105,829
2015-04-30$111.44$116.0023.3%7.1%24.2%57.3%23.9%3.9%-0.0%-17.4M137.7M-3.3M2.7512.087,89121,69292,068114,340