UNH Options History — July 2018

In July 2018, UNH traded between $246.20 and $258.85. ATM implied volatility averaged 18.1%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 2.3% (HV 20d: 15.8%). Max pain ranged from $247.50 to $252.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2018-07-17: Highest Volume — 29,779 contracts
  • 2018-07-17: Largest IV drop — 15.8% change
  • 2018-07-02: Highest IV Rank — 50.0%
  • 2018-07-02: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$253.49$246.20$258.85$246.20$253.27
Max Pain$250.00$247.50$252.50$247.50$250.00
ATM IV18.1%15.1%22.6%22.6%16.0%
Expected Move5.2%4.3%7.1%7.1%4.5%
HV 20d15.8%13.1%19.2%14.1%17.1%
HV 60d17.3%15.8%18.3%18.3%17.0%
IV Rank27.6%12.6%50.0%50.0%17.1%
IV Percentile46.5%17.9%88.9%88.9%23.4%
Term Structure-0.1%-1.2%0.9%-0.5%0.3%
VWIV18.4%15.9%24.1%24.1%16.0%
Skew 25d2.7%2.4%3.2%3.1%2.6%
Skew 10d5.6%4.6%6.6%5.9%4.9%
Call IV 25d17.0%14.5%21.0%21.0%14.8%
Put IV 25d19.7%16.8%24.0%24.0%17.4%
Bid-Ask Spread %15.697.6731.0512.368.77
Gamma HHI0.190.140.300.140.17
Net GEX38.6M15.1M61.1M15.1M31.6M
Net DEX-655.9M-884.3M-404.2M-404.2M-645.7M
Net VEX-4.2M-4.8M-3.8M-4.1M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.551.631.141.15
Total Volume12,007.0486,28229,7796,8596,925
Total OI128,486.095118,858141,471120,073136,311

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$246.20$247.5022.6%7.1%14.1%50.0%24.1%3.1%-0.5%15.1M-404.2M-4.1M1.1412.363,2043,65563,39956,674
2018-07-03$246.98$247.5022.2%7.0%14.1%48.2%23.8%3.2%-0.5%19.7M-443.7M-4.2M1.3920.342,6253,65764,42457,084
2018-07-05$250.28$250.0021.7%6.0%13.5%45.6%21.4%2.7%-0.4%29.5M-559.6M-4.1M1.6319.752,9354,78164,84557,625
2018-07-06$250.66$250.0021.1%5.9%13.5%42.9%20.7%3.0%-0.5%33.8M-589.6M-4.1M1.0531.053,8494,04765,73057,838
2018-07-09$254.00$250.0019.5%5.6%14.1%34.7%18.9%2.5%0.2%42.7M-683.3M-4.0M0.909.033,8083,43663,58955,269
2018-07-10$255.46$250.0019.5%5.3%13.2%34.8%19.9%2.5%-0.9%47.4M-735.1M-4.0M0.8029.544,5513,65964,64455,556
2018-07-11$254.92$250.0019.9%5.8%13.1%36.9%19.3%2.7%0.2%47.3M-718.4M-4.1M1.3017.932,9453,84165,87855,769
2018-07-12$256.17$250.0019.4%5.3%13.2%34.4%19.4%2.8%-1.2%52.9M-778.0M-3.9M1.2324.102,9413,61966,36256,454
2018-07-13$258.85$250.0018.3%5.2%13.5%28.6%18.5%2.6%-0.5%61.1M-884.3M-3.8M1.0622.893,8104,03166,62756,876
2018-07-16$257.81$250.0020.1%5.7%13.6%37.6%20.0%2.9%-0.2%45.4M-792.4M-3.9M1.0720.308,1458,75565,00654,482
2018-07-17$250.13$250.0016.9%4.8%17.4%21.8%17.7%2.7%-0.0%18.4M-442.9M-3.9M0.7816.3516,71513,06468,92660,099
2018-07-18$255.51$250.0015.1%4.3%18.9%12.6%15.9%2.4%0.6%55.3M-754.0M-4.1M0.789.8210,2958,03874,16063,733
2018-07-19$253.28$250.0016.4%4.7%19.2%19.5%16.2%2.6%-0.3%31.3M-633.5M-4.2M0.997.676,3716,28475,16064,406
2018-07-20$253.08$250.0016.2%4.7%19.0%18.3%16.4%2.8%-0.5%36.8M-632.8M-4.4M0.6110.9110,4576,41976,01565,456
2018-07-23$252.74$250.0015.6%4.5%18.3%15.4%16.0%2.4%0.6%32.3M-591.5M-4.3M0.559.449,7595,37466,63757,841
2018-07-24$252.87$250.0015.9%4.6%17.3%16.8%16.1%2.6%-0.2%33.8M-597.2M-4.4M0.609.4911,5946,91268,55459,276
2018-07-25$254.72$252.5015.9%4.6%17.5%17.0%16.6%2.6%0.3%40.3M-667.2M-4.6M0.6215.2410,0886,25372,45661,910
2018-07-26$257.02$252.5015.3%4.3%17.6%13.9%15.9%2.4%0.3%55.2M-822.3M-4.8M0.9712.118,6828,38276,08463,210
2018-07-27$255.82$250.0015.4%4.4%16.6%14.5%17.6%2.5%-0.2%46.5M-759.7M-4.7M1.2213.654,5535,54476,51062,588
2018-07-30$253.43$250.0016.4%4.7%17.1%19.2%16.4%2.8%0.9%34.0M-639.3M-4.7M1.628.823,1135,03273,94160,804
2018-07-31$253.27$250.0016.0%4.5%17.1%17.1%16.0%2.6%0.3%31.6M-645.7M-4.7M1.158.773,2173,70874,15562,156