UNH Options History — April 2016

In April 2016, UNH traded between $125.63 and $134.14. ATM implied volatility averaged 20.6%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 3.3% (HV 20d: 17.3%). Max pain ranged from $129.00 to $131.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.23.

Notable Days

  • 2016-04-28: Highest Volume — 28,337 contracts
  • 2016-04-19: Largest IV drop — 18.1% change
  • 2016-04-05: Highest IV Rank — 32.0%
  • 2016-04-07: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.83$125.63$134.14$129.78$131.65
Max Pain$130.05$129.00$131.00$129.00$131.00
ATM IV20.6%16.5%24.1%23.0%19.5%
Expected Move5.7%4.7%6.8%5.4%5.5%
HV 20d17.3%13.1%19.5%17.1%17.5%
HV 60d21.5%19.8%23.8%23.8%19.8%
IV Rank17.3%0.0%32.0%27.4%13.3%
IV Percentile22.8%0.0%48.0%39.3%10.3%
Term Structure-0.4%-3.1%1.0%-0.8%0.1%
VWIV20.8%16.9%26.9%19.9%20.8%
Skew 25d4.0%2.9%5.4%3.9%3.9%
Skew 10d9.1%6.4%12.9%12.9%12.9%
Call IV 25d19.2%14.8%23.1%21.9%18.1%
Put IV 25d23.2%18.5%27.1%25.7%21.9%
Bid-Ask Spread %17.5911.7824.1517.3617.76
Gamma HHI0.170.080.340.260.34
Net GEX7.0M-46.9M23.1M18.5M-46.9M
Net DEX-202.1M-381.2M-50.5M-299.5M-129.2M
Net VEX-2.7M-2.9M-2.5M-2.7M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.230.686.251.121.95
Total Volume14,923.8110,57428,33712,31616,322
Total OI155,175.952128,992171,025161,977171,025

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-04-01$129.78$129.0023.0%5.4%17.1%27.4%19.9%3.9%-0.8%18.5M-299.5M-2.7M1.1217.365,8096,50772,61389,364
2016-04-04$129.58$130.0022.7%6.1%17.2%25.9%26.9%4.1%-0.1%18.1M-264.4M-2.6M1.2018.476,4897,75970,95784,167
2016-04-05$127.08$130.0024.1%6.8%18.9%32.0%23.1%3.8%-1.1%10.4M-132.5M-2.8M3.3116.112,9869,89175,65286,561
2016-04-06$128.09$130.0023.0%6.1%19.0%27.4%22.5%4.7%-0.3%17.1M-210.8M-2.7M3.3920.732,6779,08476,24485,925
2016-04-07$126.90$130.0023.7%6.8%19.2%30.2%24.1%4.0%-0.8%9.8M-136.5M-2.7M1.4116.955,0787,13976,29985,902
2016-04-08$125.63$130.0023.1%6.4%19.5%27.8%23.0%4.3%-0.7%5.1M-50.5M-2.7M2.0912.674,7669,96476,45687,469
2016-04-11$126.18$130.0023.7%6.5%17.5%30.4%22.6%5.3%-1.4%4.5M-61.7M-2.6M2.7111.783,3699,12868,57082,916
2016-04-12$126.76$130.0022.8%6.4%17.4%26.3%22.6%5.4%-0.3%4.8M-86.3M-2.6M1.9114.653,6356,93969,36684,893
2016-04-13$127.81$130.0023.1%5.7%17.5%27.8%20.9%5.0%-3.1%13.8M-140.4M-2.6M1.7814.704,4027,83270,11487,048
2016-04-14$127.89$130.0021.0%5.6%17.5%18.3%22.0%4.0%-1.9%8.1M-132.1M-2.6M1.8915.583,7817,13671,48388,513
2016-04-15$127.35$130.0022.2%6.2%16.5%23.5%22.0%3.3%-0.1%-15.0M-102.9M-2.6M1.7517.444,8338,46771,99290,199
2016-04-18$127.71$130.0020.1%5.6%13.1%14.3%19.0%4.2%0.8%5.0M-127.7M-2.6M0.7813.338,9446,97156,01372,979
2016-04-19$130.39$130.0016.5%4.7%15.0%0.0%18.2%3.7%1.0%16.5M-243.6M-2.6M1.3718.456,1568,43661,93976,201
2016-04-20$134.03$130.0016.7%4.8%17.3%1.0%17.2%3.6%0.3%18.3M-375.8M-2.5M0.6820.3013,5139,20962,94179,134
2016-04-21$132.82$130.0017.3%4.9%17.2%3.6%17.0%3.6%0.1%19.1M-318.1M-2.7M1.0319.736,0876,28167,07582,915
2016-04-22$134.14$130.0016.6%4.7%16.9%0.3%16.9%3.4%0.2%23.1M-381.2M-2.7M1.0216.785,9526,09468,55384,401
2016-04-25$133.64$130.0018.2%5.1%17.1%7.7%18.4%3.9%0.1%18.3M-317.7M-2.8M3.0822.394,26013,11766,16379,725
2016-04-26$134.14$130.0018.2%5.1%17.0%7.5%19.5%3.9%-0.0%12.4M-329.5M-2.7M4.5818.143,27014,99066,90287,416
2016-04-27$132.97$130.0018.2%5.3%17.4%7.7%19.1%2.9%1.0%3.2M-238.6M-2.9M3.5224.153,93713,85367,47991,867
2016-04-28$131.82$131.0018.8%5.6%17.6%10.1%20.6%3.4%-0.3%-17.6M-165.5M-2.9M6.2521.833,91124,42668,18195,083
2016-04-29$131.65$131.0019.5%5.5%17.5%13.3%20.8%3.9%0.1%-46.9M-129.2M-2.9M1.9517.765,53010,79268,919102,106