UNH Options History — July 2019

In July 2019, UNH traded between $243.14 and $267.15. ATM implied volatility averaged 21.1%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.5% (HV 20d: 23.6%). Max pain ranged from $240.00 to $252.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2019-07-11: Highest Volume — 60,263 contracts
  • 2019-07-18: Largest IV drop — 7.1% change
  • 2019-07-09: Highest IV Rank — 38.8%
  • 2019-07-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$253.72$243.14$267.15$243.14$250.08
Max Pain$247.84$240.00$252.50$250.00$250.00
ATM IV21.1%18.5%23.7%23.6%20.9%
Expected Move6.1%5.3%7.4%7.4%6.0%
HV 20d23.6%17.3%27.6%19.0%26.6%
HV 60d23.6%21.7%27.3%27.2%21.7%
IV Rank29.3%19.4%38.8%38.7%28.4%
IV Percentile49.2%29.8%71.8%71.0%45.6%
Term Structure-0.2%-1.3%0.7%-0.5%-0.1%
VWIV21.5%18.3%25.6%25.5%20.5%
Skew 25d3.0%2.4%3.8%3.7%3.2%
Skew 10d6.1%4.6%7.4%6.7%6.5%
Call IV 25d20.1%17.9%22.0%21.9%19.6%
Put IV 25d23.0%20.3%25.8%25.6%22.7%
Bid-Ask Spread %11.986.1521.0110.4914.78
Gamma HHI0.110.080.250.080.09
Net GEX40.0M11.5M95.8M15.9M15.4M
Net DEX-629.7M-1.53B-159.3M-159.3M-179.7M
Net VEX-6.6M-6.9M-6.3M-6.5M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.470.940.470.52
Total Volume25,481.58,57260,26317,97621,996
Total OI201,999.273179,416228,007188,889210,578

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$243.14$250.0023.6%7.4%19.0%38.7%25.5%3.7%-0.5%15.9M-159.3M-6.5M0.4710.4912,2635,713104,36884,521
2019-07-02$243.26$250.0023.1%7.2%18.3%36.5%25.1%3.4%-0.5%21.0M-194.4M-6.6M0.738.469,8677,240108,24786,448
2019-07-03$244.28$250.0023.0%7.3%17.8%36.4%25.6%3.4%-0.6%26.6M-256.2M-6.6M0.609.1010,1116,049109,83788,982
2019-07-05$247.12$240.0023.0%6.3%18.2%36.2%22.7%3.4%-0.5%52.6M-433.2M-6.6M0.5417.0913,5637,299110,55090,431
2019-07-08$247.85$240.0023.1%6.4%17.3%36.5%22.5%3.4%-0.7%33.3M-413.8M-6.5M0.5320.435,6162,956104,44185,489
2019-07-09$245.36$240.0023.7%6.4%17.4%38.8%23.1%3.8%-1.1%22.8M-272.4M-6.4M0.5020.029,4344,724106,23386,639
2019-07-10$247.42$240.0022.9%6.4%17.5%36.0%22.4%3.4%-0.7%38.7M-426.3M-6.5M0.6821.018,6875,874109,42687,816
2019-07-11$261.04$240.0023.1%6.5%25.4%36.6%23.1%2.9%-0.6%56.6M-1.24B-6.7M0.6518.6836,62223,641109,48288,771
2019-07-12$265.87$250.0021.5%5.9%25.9%30.5%21.7%2.8%-1.3%71.2M-1.53B-6.6M0.6810.3625,69117,362115,02396,012
2019-07-15$265.51$250.0021.2%6.0%26.0%29.4%21.5%3.0%0.0%58.2M-1.34B-6.9M0.709.8712,3928,695113,44189,260
2019-07-16$265.25$250.0020.8%5.9%26.0%28.1%21.6%2.9%0.1%60.0M-1.34B-6.8M0.587.7811,7646,839117,06191,624
2019-07-17$267.15$250.0021.1%6.1%26.0%29.2%21.8%2.6%-0.2%64.2M-1.45B-6.9M0.5714.1618,67110,713119,56593,299
2019-07-18$260.27$250.0019.6%5.6%27.3%23.5%19.7%2.6%0.7%46.8M-1.01B-6.6M0.629.7830,20018,680123,89696,242
2019-07-19$256.93$250.0018.5%5.3%27.6%19.4%18.6%2.4%0.6%11.5M-799.8M-6.6M0.598.5119,14011,311128,12699,881
2019-07-22$255.15$250.0018.9%5.3%27.0%20.6%18.3%2.6%0.2%33.8M-479.1M-6.3M0.719.6712,9979,245101,43277,984
2019-07-23$254.82$250.0018.9%5.4%26.5%20.7%18.8%2.6%0.2%29.6M-456.9M-6.7M0.666.1513,0458,657107,35982,700
2019-07-24$251.24$252.5019.4%5.5%26.8%22.8%19.1%2.4%0.2%24.5M-293.9M-6.4M0.488.5724,15911,688111,56984,265
2019-07-25$248.83$250.0019.9%5.7%26.3%24.5%19.9%2.7%0.2%21.4M-185.5M-6.5M0.568.2814,3038,028116,88586,946
2019-07-26$252.62$250.0019.4%5.5%26.3%22.6%19.1%2.6%0.2%95.8M-457.4M-6.8M0.816.1922,23818,023121,64888,232
2019-07-29$254.11$250.0019.8%5.8%25.6%24.1%20.3%3.0%-0.2%41.5M-456.1M-6.8M0.6212.9112,9178,030112,69088,596
2019-07-30$254.51$250.0019.9%5.8%25.6%24.6%20.9%3.0%-0.2%39.4M-466.4M-6.8M0.9411.357,3056,845114,50693,483
2019-07-31$250.08$250.0020.9%6.0%26.6%28.4%20.5%3.2%-0.1%15.4M-179.7M-6.8M0.5214.7814,4547,542115,37395,205