UNH Options History — August 2019

In August 2019, UNH traded between $223.55 and $249.58. ATM implied volatility averaged 23.7%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 2.2% (HV 20d: 21.6%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2019-08-30: Highest Volume — 43,297 contracts
  • 2019-08-05: Largest IV spike — 22.0% change
  • 2019-08-05: Highest IV Rank — 52.6%
  • 2019-08-27: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$240.79$223.55$249.58$248.54$233.89
Max Pain$240.91$240.00$250.00$250.00$240.00
ATM IV23.7%21.2%27.3%22.8%22.8%
Expected Move6.7%6.0%7.7%6.5%6.6%
HV 20d21.6%16.5%27.0%26.7%24.4%
HV 60d22.1%21.5%23.0%21.6%23.0%
IV Rank39.0%29.3%52.6%35.4%35.3%
IV Percentile66.9%44.0%90.5%58.3%53.2%
Term Structure-0.1%-1.8%0.6%-0.5%0.4%
VWIV23.4%20.7%26.2%21.7%23.2%
Skew 25d4.2%3.5%5.3%3.7%3.7%
Skew 10d8.7%6.1%11.5%7.4%8.1%
Call IV 25d22.0%19.3%24.7%21.1%21.7%
Put IV 25d26.3%22.9%30.0%24.8%25.4%
Bid-Ask Spread %15.178.3824.9814.288.38
Gamma HHI0.090.070.130.080.10
Net GEX5.3M-21.2M33.7M9.5M23.4M
Net DEX71.5M-248.6M558.0M-104.2M21.4M
Net VEX-6.1M-6.8M-5.1M-6.8M-5.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.251.220.430.25
Total Volume19,111.0916,78643,29722,58343,297
Total OI214,993.773194,304231,711213,770231,711

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$248.54$250.0022.8%6.5%26.7%35.4%21.7%3.7%-0.5%9.5M-104.2M-6.8M0.4314.2815,7866,797118,16795,603
2019-08-02$249.17$250.0022.4%6.5%26.4%34.0%22.3%3.6%-0.0%20.5M-141.9M-6.8M0.7812.0211,4788,979121,31996,284
2019-08-05$245.09$240.0027.3%7.2%27.0%52.6%24.9%5.3%-0.6%11.7M-10.5M-6.8M0.7122.0911,7888,320114,92192,457
2019-08-06$246.70$240.0024.2%6.6%26.9%40.7%22.7%4.2%-0.3%15.5M-75.4M-6.8M0.4724.779,2544,315119,27995,354
2019-08-07$246.68$240.0024.8%6.7%26.7%43.0%23.6%5.2%-0.3%16.3M-78.4M-6.7M0.5224.9810,6845,536120,23196,124
2019-08-08$247.11$240.0022.8%6.3%17.7%35.6%22.3%4.0%0.0%15.0M-84.7M-6.7M0.4122.929,2313,755121,36697,330
2019-08-09$249.21$240.0022.3%6.3%16.5%33.3%22.4%4.1%-0.2%33.7M-218.5M-6.7M0.5518.419,8835,433122,31798,579
2019-08-12$244.09$240.0024.6%7.2%17.6%42.0%24.4%5.0%0.6%4.3M64.8M-6.4M0.7318.486,4254,660116,97895,361
2019-08-13$249.58$240.0021.8%6.2%19.9%31.4%22.2%4.5%-0.2%29.6M-248.6M-6.3M0.4412.759,8104,285119,31996,726
2019-08-14$243.99$240.0025.9%7.5%20.7%47.2%25.7%5.0%0.3%537.1K73.2M-6.3M1.2211.957,1898,777118,96297,940
2019-08-15$244.73$240.0025.7%7.4%19.2%46.4%25.2%5.3%-0.1%1.9M4.3M-6.4M0.6024.796,7814,036120,60798,770
2019-08-16$245.18$240.0022.6%6.1%18.9%34.6%21.7%4.6%-1.8%-7.9M-27.4M-6.1M1.0712.345,8526,245122,19299,362
2019-08-19$244.82$240.0021.2%6.0%18.8%29.3%22.6%3.6%0.1%12.6M-95.8M-5.9M0.898.578,9467,935106,44987,855
2019-08-20$241.31$240.0021.8%6.2%19.3%31.7%22.0%3.5%-0.0%-1.4M68.9M-5.9M0.409.0110,1554,086109,58792,322
2019-08-21$240.44$240.0021.2%6.1%18.9%29.3%20.7%3.5%0.3%-2.3M93.5M-5.7M0.6311.617,4164,661114,24394,155
2019-08-22$233.48$240.0023.5%6.8%21.1%38.1%22.7%3.8%-0.4%-21.2M395.2M-5.5M0.5310.2320,63410,844116,23094,419
2019-08-23$231.11$240.0025.1%7.3%20.0%44.3%24.8%4.1%-0.5%-15.7M454.8M-5.6M0.6516.7814,5399,405125,20597,070
2019-08-26$230.56$240.0025.0%7.2%19.7%43.6%24.6%4.4%0.0%-7.0M321.1M-5.5M0.6015.344,2322,554116,67590,806
2019-08-27$223.55$240.0026.6%7.7%21.6%49.9%26.2%4.3%-0.1%-14.4M558.0M-5.1M0.5910.8519,28411,334118,71291,473
2019-08-28$227.42$240.0025.0%7.1%22.7%43.7%25.0%4.0%0.2%-8.6M380.8M-5.5M0.4712.3522,27010,356126,82493,793
2019-08-29$230.67$240.0022.9%6.5%23.6%35.9%22.9%3.8%0.3%1.6M221.7M-5.6M0.5210.8615,2457,952129,81596,971
2019-08-30$233.89$240.0022.8%6.6%24.4%35.3%23.2%3.7%0.4%23.4M21.4M-5.9M0.258.3834,6168,681132,39599,316