UNH Options History — January 2019

In January 2019, UNH traded between $237.72 and $270.33. ATM implied volatility averaged 23.9%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 2.0% (HV 20d: 25.8%). Max pain ranged from $240.00 to $257.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2019-01-15: Highest Volume — 27,064 contracts
  • 2019-01-15: Largest IV drop — 24.5% change
  • 2019-01-03: Highest IV Rank — 70.6%
  • 2019-01-02: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$255.65$237.72$270.33$242.83$269.91
Max Pain$246.90$240.00$257.50$250.00$250.00
ATM IV23.9%18.1%32.1%31.1%18.3%
Expected Move6.8%5.1%9.4%9.4%5.4%
HV 20d25.8%18.2%29.5%27.4%18.2%
HV 60d27.1%26.0%28.1%27.7%26.3%
IV Rank39.6%17.8%70.6%67.0%18.4%
IV Percentile70.7%37.3%97.2%96.8%38.1%
Term Structure-0.1%-1.2%0.7%-0.9%0.7%
VWIV24.3%17.9%32.1%32.1%20.6%
Skew 25d4.4%3.3%6.3%5.2%4.0%
Skew 10d9.6%7.5%14.7%10.0%7.8%
Call IV 25d22.0%16.8%28.8%28.8%16.8%
Put IV 25d26.4%20.8%35.1%34.0%20.8%
Bid-Ask Spread %23.6712.7147.7815.3626.31
Gamma HHI0.120.080.440.090.10
Net GEX21.3M-8.8M80.4M237.1K36.7M
Net DEX-313.7M-980.0M318.4M139.4M-588.3M
Net VEX-4.7M-4.9M-4.5M-4.7M-4.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.291.631.021.13
Total Volume11,0093,32627,0647,4498,319
Total OI154,557.714105,086193,747171,151121,304

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$242.83$250.0031.1%9.4%27.4%67.0%32.1%5.2%-0.9%237.1K139.4M-4.7M1.0215.363,6833,76686,12885,023
2019-01-03$237.72$250.0032.1%8.7%27.4%70.6%30.8%6.3%-0.6%-7.4M318.4M-4.5M0.6418.455,3623,45687,25585,805
2019-01-04$240.49$240.0029.7%8.0%28.2%61.8%27.8%4.6%-1.2%-8.8M195.8M-4.7M0.8821.964,7714,18489,77786,251
2019-01-07$241.03$240.0029.1%8.0%28.4%59.3%28.2%4.5%-0.8%-2.3M153.1M-4.5M1.1123.091,5801,74687,97083,892
2019-01-08$242.90$240.0029.2%8.2%28.4%59.7%28.7%3.7%-0.7%2.6M46.2M-4.6M1.0620.604,7675,04089,00983,209
2019-01-09$243.18$240.0029.1%8.2%28.3%59.4%27.9%5.8%-0.2%5.5M20.7M-4.7M1.0428.414,0134,18590,63284,364
2019-01-10$244.53$240.0028.3%8.1%28.4%56.5%28.4%4.6%0.1%7.7M-14.0M-4.7M1.0333.512,6572,73191,24685,342
2019-01-11$247.50$240.0026.6%7.5%28.3%49.8%27.9%4.5%-0.8%37.5M-133.7M-4.8M1.6347.785,9559,69891,98586,008
2019-01-14$248.17$240.0027.3%7.7%28.3%52.5%27.9%5.7%-0.6%9.2M-144.1M-4.9M0.7643.399,7437,44788,67189,653
2019-01-15$256.40$240.0020.6%5.9%29.5%27.2%23.4%4.6%0.0%30.1M-555.1M-4.6M0.6021.8616,93710,12792,35793,115
2019-01-16$261.21$250.0020.9%6.0%28.6%28.3%21.8%4.0%-0.4%42.5M-801.6M-4.7M0.7724.737,9746,13295,96294,352
2019-01-17$259.51$250.0020.1%5.8%28.1%25.5%20.8%4.2%0.2%25.5M-696.6M-4.6M0.7623.737,3415,60696,53695,699
2019-01-18$265.02$250.0018.1%5.1%28.4%17.8%19.2%4.0%0.6%80.4M-980.0M-4.5M0.9728.918,7958,55396,92696,821
2019-01-22$264.86$250.0021.1%6.2%25.0%29.1%22.0%4.3%0.4%20.9M-462.5M-4.6M0.5622.405,1072,86754,42250,664
2019-01-23$266.40$250.0020.6%6.0%24.4%27.0%21.4%3.3%0.1%23.4M-497.2M-4.6M0.2912.7111,7073,44756,29652,223
2019-01-24$265.67$250.0020.3%5.9%22.9%26.2%19.8%4.1%0.6%22.0M-465.1M-4.7M0.6314.477,1694,52459,42253,321
2019-01-25$267.76$250.0019.0%5.5%20.8%21.2%17.9%3.8%0.2%34.6M-551.5M-4.7M0.5814.396,5943,82761,71555,464
2019-01-28$265.86$250.0020.4%5.9%21.3%26.3%22.4%4.1%0.4%24.8M-463.7M-4.8M0.3414.623,3741,15959,96351,787
2019-01-29$267.28$257.5019.9%5.7%21.2%24.6%21.5%3.8%0.2%28.0M-510.0M-4.8M0.4317.464,6882,02663,43753,447
2019-01-30$270.33$257.5019.4%5.5%21.1%22.5%19.9%3.9%0.1%34.3M-598.9M-4.8M0.6322.946,2133,91964,20654,053
2019-01-31$269.91$250.0018.3%5.4%18.2%18.4%20.6%4.0%0.7%36.7M-588.3M-4.8M1.1326.313,9144,40566,04755,257