UNH Options History — April 2018

In April 2018, UNH traded between $217.33 and $239.92. ATM implied volatility averaged 22.0%, placing in the 47.4% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 5.7% (HV 20d: 27.8%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.04.

Notable Days

  • 2018-04-17: Highest Volume — 25,916 contracts
  • 2018-04-17: Largest IV drop — 21.1% change
  • 2018-04-02: Highest IV Rank — 78.3%
  • 2018-04-02: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$230.45$217.33$239.92$217.33$237.71
Max Pain$224.40$220.00$240.00$225.00$240.00
ATM IV22.0%17.1%28.2%28.2%18.4%
Expected Move6.4%4.9%8.9%8.9%5.4%
HV 20d27.8%24.6%31.3%24.6%25.1%
HV 60d27.4%26.3%28.1%26.3%26.7%
IV Rank47.4%23.0%78.3%78.3%29.1%
IV Percentile77.1%42.9%98.4%98.4%54.0%
Term Structure-0.3%-1.3%0.6%-0.4%0.1%
VWIV22.6%16.9%30.7%30.7%20.5%
Skew 25d3.5%2.7%4.5%3.9%3.3%
Skew 10d7.7%6.1%10.6%10.6%7.9%
Call IV 25d20.7%15.9%26.3%26.3%16.9%
Put IV 25d24.2%19.0%30.2%30.2%20.2%
Bid-Ask Spread %16.189.7725.8425.3915.67
Gamma HHI0.150.110.260.130.20
Net GEX15.7M-11.9M53.4M-11.9M28.1M
Net DEX-372.1M-752.2M53.7M53.7M-486.4M
Net VEX-3.9M-4.1M-3.6M-3.9M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.631.651.000.89
Total Volume12,535.5247,66325,91613,17012,824
Total OI145,397.619119,278165,423143,801132,441

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$217.33$225.0028.2%8.9%24.6%78.3%30.7%3.9%-0.4%-11.9M53.7M-3.9M1.0025.396,5946,57660,75883,043
2018-04-03$224.27$220.0025.8%8.1%26.9%66.3%28.9%4.0%-0.6%886.8K-182.8M-3.9M0.8323.207,5116,26663,41084,176
2018-04-04$229.45$222.5024.3%7.6%27.8%59.1%27.7%3.5%-0.3%13.1M-380.5M-3.9M0.8521.417,9226,69965,39085,529
2018-04-05$229.10$220.0024.2%6.7%27.7%58.3%23.3%3.4%-0.5%14.5M-373.2M-4.1M0.9414.106,5716,15567,83087,447
2018-04-06$223.52$220.0027.0%7.6%28.7%72.1%26.1%3.3%-0.8%1.6M-161.1M-4.1M1.6519.734,4987,42368,82288,587
2018-04-09$224.06$220.0026.2%7.5%28.6%68.5%26.0%3.6%0.2%-3.0M-165.2M-4.0M0.9012.804,0613,66067,34875,915
2018-04-10$227.00$220.0025.1%6.9%28.7%63.0%25.1%3.4%-1.3%5.1M-287.5M-4.0M1.109.773,8564,25468,70476,441
2018-04-11$222.80$220.0025.6%7.2%28.8%65.2%25.0%3.5%-0.1%-8.4M-124.7M-3.9M1.1613.253,6584,24769,20077,491
2018-04-12$224.90$220.0024.1%7.0%29.0%57.6%23.9%3.0%0.3%-3.7M-206.6M-4.0M1.3613.123,2444,41970,03278,140
2018-04-13$224.10$220.0023.2%6.7%28.0%53.1%22.8%3.0%0.5%-6.7M-170.3M-3.9M1.4510.464,3896,34970,58478,313
2018-04-16$231.43$220.0022.8%6.5%30.3%51.3%22.8%3.2%-0.6%13.4M-448.1M-3.8M1.3218.309,72912,88768,41977,166
2018-04-17$238.13$220.0018.0%5.2%31.3%27.3%19.3%2.7%0.2%41.9M-752.2M-3.7M0.6318.3015,9299,98771,63286,301
2018-04-18$236.85$220.0017.5%5.0%31.3%24.9%19.0%3.3%0.6%50.9M-704.1M-3.7M1.199.915,3786,37873,77087,884
2018-04-19$236.40$220.0018.4%5.3%30.5%29.3%20.7%4.5%0.1%53.4M-665.0M-3.7M0.8525.846,1945,28674,83488,368
2018-04-20$234.31$220.0019.4%5.7%27.5%34.3%20.3%3.8%-1.3%25.9M-571.0M-3.7M0.8113.606,2195,04175,58789,836
2018-04-23$234.10$220.0018.8%5.4%26.9%31.2%19.9%3.3%-0.3%15.5M-394.7M-3.6M1.3113.853,4144,48353,83365,445
2018-04-24$232.93$225.0019.8%5.7%25.4%36.3%19.1%3.4%-0.4%13.2M-353.9M-3.7M1.1819.035,5596,57954,47766,789
2018-04-25$234.33$240.0020.0%5.8%25.1%37.5%18.8%3.9%-0.4%14.7M-372.8M-3.8M0.7810.148,6476,75856,91969,905
2018-04-26$236.80$240.0018.4%5.3%25.2%29.3%18.4%3.9%-0.4%25.3M-473.7M-3.8M0.7910.726,4205,06262,85971,237
2018-04-27$239.92$240.0017.1%4.9%25.4%23.0%16.9%3.1%-0.3%44.9M-594.2M-3.9M0.8921.146,4135,70766,33572,153
2018-04-30$237.71$240.0018.4%5.4%25.1%29.1%20.5%3.3%0.1%28.1M-486.4M-3.9M0.8915.676,7876,03765,27567,166