UNH Options History — April 2019

In April 2019, UNH traded between $218.20 and $248.95. ATM implied volatility averaged 26.0%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 3.5% (HV 20d: 29.5%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2019-04-16: Highest Volume — 157,002 contracts
  • 2019-04-11: Largest IV spike — 15.9% change
  • 2019-04-12: Highest IV Rank — 73.7%
  • 2019-04-12: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$235.78$218.20$248.95$245.33$233.22
Max Pain$234.76$230.00$240.00$240.00$230.00
ATM IV26.0%22.5%32.9%25.1%24.0%
Expected Move7.3%6.4%9.2%6.7%7.0%
HV 20d29.5%17.3%37.7%25.3%37.2%
HV 60d29.3%26.4%32.2%26.6%32.2%
IV Rank47.7%34.3%73.7%44.3%39.9%
IV Percentile86.0%71.8%98.0%86.9%80.6%
Term Structure-0.7%-1.9%0.2%-0.6%-0.3%
VWIV25.8%22.8%32.4%23.9%23.8%
Skew 25d3.9%2.7%5.5%4.3%3.4%
Skew 10d8.3%5.3%11.5%9.1%6.5%
Call IV 25d24.4%21.1%30.9%22.9%22.1%
Put IV 25d28.4%24.0%36.4%27.2%25.4%
Bid-Ask Spread %19.359.7731.6020.0423.05
Gamma HHI0.090.070.150.090.10
Net GEX22.2M-13.0M69.1M14.0M41.3M
Net DEX-106.3M-769.4M621.2M-127.3M-386.9M
Net VEX-6.1M-7.8M-4.4M-5.4M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.320.780.640.52
Total Volume45,680.5247,214157,00211,27442,934
Total OI205,535.81146,024291,115146,024275,012

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$245.33$240.0025.1%6.7%25.3%44.3%23.9%4.3%-0.6%14.0M-127.3M-5.4M0.6420.046,8684,40681,77464,250
2019-04-02$244.93$240.0024.8%7.1%22.7%42.9%23.8%4.3%-0.7%12.2M-102.9M-5.5M0.6322.326,0213,81684,12366,579
2019-04-03$246.29$240.0023.9%6.4%22.0%39.9%23.0%4.2%-0.6%20.1M-169.4M-5.4M0.7323.877,1645,25486,19267,978
2019-04-04$247.40$240.0023.9%6.6%21.7%39.8%23.7%3.5%-0.3%27.9M-226.7M-5.5M0.7223.345,9114,28487,31468,988
2019-04-05$248.74$240.0024.4%6.6%21.7%41.7%23.5%3.8%-0.9%40.2M-285.6M-5.4M0.6322.158,7105,45287,91169,518
2019-04-08$248.95$240.0024.6%6.8%19.1%42.4%25.2%4.2%-0.6%22.1M-265.1M-5.4M0.7822.384,0513,16382,61867,160
2019-04-09$248.66$240.0025.3%6.9%18.6%45.0%24.1%4.4%-0.9%21.7M-254.7M-5.4M0.6024.826,7364,07083,32467,592
2019-04-10$246.40$240.0025.0%6.8%17.3%43.8%24.0%5.0%-1.2%13.4M-147.6M-5.2M0.4931.605,4892,69484,76568,727
2019-04-11$235.19$240.0028.9%7.8%23.5%58.8%27.7%5.1%-1.9%-9.3M277.7M-4.9M0.5424.4126,64314,46086,43169,263
2019-04-12$222.03$240.0032.9%9.2%30.3%73.7%30.9%5.5%-0.9%-13.0M621.2M-4.4M0.6814.9241,82628,52796,32073,741
2019-04-15$230.29$230.0031.8%9.0%33.0%69.6%32.0%4.7%-1.1%5.6M187.4M-5.5M0.5612.7038,65521,789106,40577,155
2019-04-16$221.41$230.0031.0%8.8%35.0%66.6%30.8%4.7%-0.3%-12.4M543.8M-5.1M0.559.77101,29555,707116,65486,257
2019-04-17$218.20$230.0031.5%9.0%34.6%68.5%32.4%4.6%-0.4%-4.2M547.4M-6.1M0.6222.1074,38245,856150,312107,372
2019-04-18$222.46$230.0028.3%8.2%35.5%56.4%28.4%4.0%-0.9%13.7M108.1M-6.7M0.6815.3363,00943,082169,851121,264
2019-04-22$227.36$230.0025.3%7.4%36.5%45.1%26.5%2.8%-0.5%27.1M-164.3M-6.9M0.649.8337,37123,745134,610101,528
2019-04-23$230.50$230.0023.3%6.6%37.1%37.2%23.4%2.8%-0.4%45.8M-384.6M-7.2M0.5815.1331,98218,532143,612109,727
2019-04-24$229.53$230.0024.2%6.9%36.7%40.8%24.5%3.0%-0.5%31.4M-233.8M-7.1M0.6817.0323,01515,635144,059113,885
2019-04-25$231.32$230.0023.0%6.5%36.8%36.4%22.8%2.8%-0.4%50.4M-401.4M-7.4M0.5416.7521,80811,668152,900122,374
2019-04-26$236.03$230.0022.7%6.5%37.7%35.1%23.8%2.7%-1.0%69.1M-769.4M-7.5M0.6417.5832,05220,548155,484125,242
2019-04-29$237.21$230.0022.5%6.4%36.9%34.3%22.8%2.9%0.2%48.7M-598.8M-7.5M0.3217.2230,8299,852141,840116,141
2019-04-30$233.22$230.0024.0%7.0%37.2%39.9%23.8%3.4%-0.3%41.3M-386.9M-7.8M0.5223.0528,21614,718155,116119,896