UNH Options History — August 2016

In August 2016, UNH traded between $136.17 and $143.48. ATM implied volatility averaged 15.5%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 6.5% (HV 20d: 9.0%). Max pain ranged from $135.00 to $141.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.30.

Notable Days

  • 2016-08-01: Highest Volume — 17,490 contracts
  • 2016-08-24: Largest IV spike — 21.9% change
  • 2016-08-25: Highest IV Rank — 20.0%
  • 2016-08-25: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$141.02$136.17$143.48$143.48$136.17
Max Pain$135.78$135.00$141.00$141.00$135.00
ATM IV15.5%13.2%18.4%16.3%16.6%
Expected Move4.4%3.7%5.2%4.5%4.7%
HV 20d9.0%6.0%11.0%11.0%9.7%
HV 60d11.8%11.1%12.8%12.7%11.8%
IV Rank8.3%0.0%20.0%11.2%13.2%
IV Percentile6.5%0.0%19.8%5.6%13.9%
Term Structure0.1%-1.0%1.3%0.3%0.1%
VWIV15.7%13.0%18.3%15.2%16.3%
Skew 25d3.6%2.7%4.5%3.8%4.3%
Skew 10d7.9%6.0%11.7%11.7%9.5%
Call IV 25d14.0%12.1%17.1%14.7%15.2%
Put IV 25d17.6%14.9%21.3%18.5%19.5%
Bid-Ask Spread %19.527.9538.6327.3524.29
Gamma HHI0.220.080.370.180.08
Net GEX12.8M-18.3M32.1M15.5M-18.3M
Net DEX-130.4M-248.1M123.6M-227.2M123.6M
Net VEX-3.2M-3.5M-2.9M-3.2M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.442.650.441.13
Total Volume9,860.6963,78417,49017,4909,334
Total OI180,300.087160,979189,309160,979189,309

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-08-01$143.48$141.0016.3%4.5%11.0%11.2%15.2%3.8%0.3%15.5M-227.2M-3.2M0.4427.3512,1775,31362,79498,185
2016-08-02$143.23$141.0016.8%4.6%10.9%13.3%17.5%3.9%-0.0%20.4M-248.1M-3.4M0.6811.168,9996,12069,86499,571
2016-08-03$142.84$141.0016.1%4.3%10.8%10.3%15.1%3.7%0.6%23.4M-239.2M-3.5M1.5138.633,4955,27775,101100,604
2016-08-04$142.79$135.0015.9%4.6%9.8%9.8%16.7%3.7%0.6%23.3M-241.5M-3.5M1.1632.793,5314,08576,033102,005
2016-08-05$142.93$135.0015.3%4.5%9.7%7.4%16.3%3.2%0.6%22.1M-246.2M-3.5M1.2323.533,9384,83776,623102,642
2016-08-08$142.12$135.0015.7%4.9%9.6%8.8%15.8%3.7%1.3%24.3M-194.5M-3.4M1.6213.203,9476,37876,181101,558
2016-08-09$141.76$135.0016.2%4.7%9.6%10.7%15.7%3.8%-1.0%20.7M-178.3M-3.4M2.2216.692,6775,93877,168103,266
2016-08-10$142.22$135.0014.9%4.6%8.8%5.7%14.9%3.5%1.1%24.5M-195.9M-3.4M1.5520.243,5255,46577,523103,975
2016-08-11$142.65$135.0014.3%4.1%8.7%3.4%16.2%3.3%0.0%27.3M-230.6M-3.3M1.2719.273,5794,56278,075105,707
2016-08-12$142.89$135.0013.8%4.0%8.7%1.6%15.0%3.2%-0.1%32.1M-245.7M-3.3M0.8115.325,4064,40078,554106,492
2016-08-15$141.62$135.0015.0%4.4%9.2%6.3%14.3%2.9%-0.5%15.6M-156.8M-3.2M1.287.953,6364,65077,342103,714
2016-08-16$141.14$135.0015.0%4.3%8.2%6.2%14.6%3.2%-0.1%11.4M-129.4M-3.2M1.3410.153,6964,93978,259104,326
2016-08-17$141.71$135.0015.1%4.3%8.2%6.5%15.3%3.5%-0.6%14.8M-158.2M-3.1M0.9210.181,9701,81478,662104,982
2016-08-18$142.17$135.0014.2%4.1%8.3%3.2%13.9%3.2%-0.6%20.5M-191.9M-3.2M2.6515.031,2863,40379,073105,632
2016-08-19$142.02$135.0013.4%3.9%8.0%0.0%13.0%2.7%-0.3%20.5M-174.1M-3.1M1.269.364,1685,25479,186106,565
2016-08-22$142.17$135.0013.4%3.7%6.0%0.0%13.1%3.1%0.6%19.1M-195.4M-3.0M1.2410.643,7694,69269,791100,077
2016-08-23$141.84$135.0013.2%3.7%6.0%0.0%13.3%3.1%0.5%18.7M-180.0M-3.0M0.7510.637,0905,29971,468101,142
2016-08-24$139.87$135.0016.0%4.6%7.8%11.1%17.5%4.0%0.2%10.6M-64.7M-3.1M1.3427.614,1575,56776,138102,427
2016-08-25$137.19$135.0018.4%5.2%9.7%20.0%18.3%4.2%-0.1%-5.9M68.3M-3.2M1.5621.144,9887,78177,481105,819
2016-08-26$136.63$135.0017.3%4.8%9.4%16.1%17.6%4.5%0.0%-12.9M111.2M-3.1M1.6630.736,20010,26478,455108,536
2016-08-29$137.21$135.0016.7%4.7%9.7%13.7%17.0%4.3%0.1%-14.7M89.3M-3.1M0.7825.686,8175,32076,668111,620
2016-08-30$136.85$135.0016.4%4.6%9.7%12.6%17.8%4.2%0.2%-17.9M106.5M-3.1M1.4227.372,9154,13875,811112,498
2016-08-31$136.17$135.0016.6%4.7%9.7%13.2%16.3%4.3%0.1%-18.3M123.6M-2.9M1.1324.294,3854,94976,286113,023