UNH Options History — November 2018

In November 2018, UNH traded between $260.34 and $284.10. ATM implied volatility averaged 21.0%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 5.6% (HV 20d: 26.6%). Max pain ranged from $250.00 to $270.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.07.

Notable Days

  • 2018-11-29: Highest Volume — 36,465 contracts
  • 2018-11-07: Largest IV drop — 13.9% change
  • 2018-11-20: Highest IV Rank — 56.8%
  • 2018-11-20: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$268.97$260.34$284.10$260.34$281.70
Max Pain$260.24$250.00$270.00$270.00$270.00
ATM IV21.0%17.9%24.3%22.4%17.9%
Expected Move6.1%5.1%6.9%6.6%5.5%
HV 20d26.6%24.5%28.7%25.3%27.7%
HV 60d20.5%17.6%23.3%17.8%23.3%
IV Rank39.9%23.7%56.8%46.9%23.7%
IV Percentile70.9%38.9%91.3%84.5%38.9%
Term Structure-0.6%-2.1%0.3%-2.1%0.0%
VWIV21.4%18.5%24.2%23.4%20.5%
Skew 25d4.0%2.8%5.3%3.9%3.0%
Skew 10d9.0%5.8%11.2%10.0%6.1%
Call IV 25d19.5%16.8%22.5%20.7%17.1%
Put IV 25d23.5%20.1%27.7%24.6%20.1%
Bid-Ask Spread %17.8313.2424.6213.2423.35
Gamma HHI0.140.100.230.110.23
Net GEX37.9M4.5M88.6M17.3M88.6M
Net DEX-864.7M-1.62B-413.1M-466.5M-1.34B
Net VEX-5.3M-5.7M-4.9M-5.7M-5.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.262.370.660.46
Total Volume16,772.8578,92736,46513,84524,263
Total OI179,001159,522193,021177,445187,579

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$260.34$270.0022.4%6.6%25.3%46.9%23.4%3.9%-2.1%17.3M-466.5M-5.7M0.6613.248,3225,52393,73883,707
2018-11-02$261.38$270.0021.5%6.5%25.4%42.1%23.9%3.8%-0.6%17.5M-510.4M-5.6M0.7623.396,5344,99694,05785,604
2018-11-05$261.19$250.0023.8%6.4%25.3%54.2%21.5%4.8%-0.7%17.4M-500.1M-5.6M2.3115.975,88013,58292,02083,689
2018-11-06$262.69$250.0022.2%6.2%25.4%46.1%22.4%5.3%-0.4%6.9M-532.5M-5.6M2.3714.464,43710,50593,39593,501
2018-11-07$274.57$250.0019.1%5.6%28.7%29.9%20.4%4.1%-0.2%80.0M-1.35B-5.4M0.7619.7212,9339,88294,45790,435
2018-11-08$275.95$250.0019.5%5.1%27.9%32.0%19.7%4.1%-0.4%84.3M-1.45B-5.2M1.8816.895,84910,99794,79891,456
2018-11-09$277.03$260.0019.1%5.3%27.8%29.8%19.7%4.1%-0.2%70.7M-1.48B-5.4M1.1723.898,0359,39795,70997,312
2018-11-12$272.91$260.0021.2%6.1%28.5%40.5%20.5%3.9%0.3%60.0M-1.14B-5.4M1.1413.304,7565,44394,18291,154
2018-11-13$269.14$260.0021.2%6.0%24.9%40.5%20.1%3.8%-0.3%42.2M-826.3M-5.5M0.9013.675,0774,56895,56592,353
2018-11-14$265.75$260.0022.8%6.1%24.5%49.0%23.3%4.2%-1.5%20.7M-571.3M-5.5M1.2817.384,5565,83895,84993,265
2018-11-15$264.32$260.0022.1%6.4%24.5%45.4%21.4%4.2%0.1%11.2M-466.3M-5.3M1.5224.624,8937,42796,33193,993
2018-11-16$271.26$260.0020.2%5.8%26.2%35.6%20.2%3.6%-0.0%43.1M-1.07B-5.2M0.9515.3211,75411,11297,47894,756
2018-11-19$265.05$260.0022.1%6.3%27.4%45.6%22.2%4.1%-1.2%14.8M-610.7M-5.3M1.0114.696,6906,77780,38979,133
2018-11-20$261.63$260.0024.3%6.9%27.6%56.8%24.2%5.2%-1.4%6.3M-431.8M-5.5M1.1519.574,6315,33881,91881,140
2018-11-21$261.00$260.0023.2%6.7%27.2%51.2%22.7%4.3%-1.1%4.5M-413.1M-5.3M1.1313.534,1954,73283,03382,227
2018-11-23$261.62$260.0023.0%6.7%26.8%50.1%24.0%4.7%-1.6%10.6M-450.4M-5.3M1.0022.415,0785,10183,96782,946
2018-11-26$265.89$260.0021.4%6.5%26.0%41.9%23.0%3.6%-0.3%17.8M-616.5M-5.3M0.7914.246,7475,32981,25980,296
2018-11-27$270.64$262.5018.6%5.6%25.8%27.1%18.5%3.4%-0.3%34.4M-907.8M-5.0M0.2617.5218,0664,63883,27881,387
2018-11-28$280.27$262.5018.0%5.4%28.0%23.9%19.4%3.3%-0.2%69.5M-1.41B-5.0M0.6718.9719,12212,76295,43182,108
2018-11-29$284.10$270.0018.2%5.5%27.7%25.1%19.4%2.8%-0.1%78.3M-1.62B-4.9M0.3418.3227,2599,20697,15786,969
2018-11-30$281.70$270.0017.9%5.5%27.7%23.7%20.5%3.0%0.0%88.6M-1.34B-5.3M0.4623.3516,6277,63695,87291,707