UNH Options History — September 2019

In September 2019, UNH traded between $215.54 and $234.37. ATM implied volatility averaged 25.5%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 3.1% (HV 20d: 22.3%). Max pain ranged from $225.00 to $240.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2019-09-26: Highest Volume — 70,452 contracts
  • 2019-09-26: Largest IV spike — 13.5% change
  • 2019-09-26: Highest IV Rank — 67.3%
  • 2019-09-26: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$228.32$215.54$234.37$230.38$218.16
Max Pain$232.13$225.00$240.00$240.00$225.00
ATM IV25.5%21.4%32.1%25.2%28.4%
Expected Move7.7%7.2%9.4%7.3%8.4%
HV 20d22.3%19.0%25.0%24.3%19.7%
HV 60d23.0%22.4%23.4%22.9%23.4%
IV Rank41.0%25.2%67.3%44.3%51.5%
IV Percentile73.8%40.5%97.2%81.3%90.9%
Term Structure0.6%-1.5%4.0%-0.1%-0.5%
VWIV26.8%24.3%32.6%25.7%29.7%
Skew 25d3.5%2.5%4.8%4.1%3.3%
Skew 10d7.0%5.0%9.4%8.2%7.0%
Call IV 25d24.0%20.1%30.1%23.5%26.8%
Put IV 25d27.5%23.1%34.9%27.6%30.1%
Bid-Ask Spread %17.379.4831.9210.0016.13
Gamma HHI0.090.060.130.100.06
Net GEX-186.3K-20.8M37.1M1.8M-6.1M
Net DEX230.2M-49.5M600.8M249.8M409.7M
Net VEX-5.5M-5.7M-5.1M-5.6M-5.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.310.800.480.56
Total Volume26,350.5512,44970,45225,19226,339
Total OI233,125189,365257,325221,597232,734

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$230.38$240.0025.2%7.3%24.3%44.3%25.7%4.1%-0.1%1.8M249.8M-5.6M0.4810.0016,9998,193125,27196,326
2019-09-04$226.95$240.0025.3%7.4%24.3%42.3%25.9%4.0%0.2%-14.6M395.6M-5.4M0.599.4812,0207,139126,18099,039
2019-09-05$229.66$230.0023.2%7.4%25.0%34.0%26.3%3.7%0.3%-11.2M274.7M-5.5M0.7222.0810,0617,256130,831101,475
2019-09-06$229.51$230.0022.4%7.4%24.9%30.5%25.9%2.5%0.3%-13.2M301.0M-5.5M0.3115.7128,9808,988132,765104,302
2019-09-09$230.76$230.0022.3%7.4%24.7%28.8%25.8%2.9%3.3%-620.9K234.2M-5.5M0.7816.2611,4158,880128,603102,227
2019-09-10$232.59$240.0021.7%7.4%24.2%26.4%25.2%2.8%3.9%7.3M130.7M-5.6M0.6014.9313,5648,152130,483106,407
2019-09-11$233.26$240.0021.4%7.3%22.5%25.2%24.9%2.9%4.0%15.7M85.6M-5.6M0.5621.0917,5739,918132,599108,645
2019-09-12$230.12$240.0022.4%7.3%21.7%29.3%25.7%3.2%3.7%-20.8M318.5M-5.5M0.3718.0126,5869,925137,091111,924
2019-09-13$233.64$230.0023.2%7.3%22.6%32.3%24.9%3.2%3.7%37.1M1.3M-5.7M0.4119.5330,19912,370141,928115,397
2019-09-16$234.37$230.0025.6%7.7%22.6%42.2%25.9%4.1%-1.5%21.6M-49.5M-5.7M0.3918.8211,4084,503138,418107,296
2019-09-17$232.63$230.0026.0%7.6%22.7%41.6%25.7%4.1%-0.9%4.6M72.4M-5.5M0.3820.419,0303,419135,443108,440
2019-09-18$230.99$230.0026.1%7.5%22.3%42.1%25.7%3.7%-0.3%-10.2M180.6M-5.4M0.8031.929,2037,341137,483109,080
2019-09-19$232.78$230.0024.8%7.2%22.6%36.4%24.3%3.5%-1.1%9.5M18.3M-5.3M0.4721.8212,0915,649139,038110,028
2019-09-20$232.85$230.0024.9%7.2%20.1%36.9%24.7%3.5%-1.0%21.4M-10.1M-5.4M0.7014.9510,5377,343140,783110,658
2019-09-23$229.17$230.0025.9%7.6%20.5%40.9%26.6%3.3%-0.2%945.8K137.9M-5.1M0.5613.2412,7087,118105,78283,583
2019-09-24$224.59$230.0029.3%8.7%21.7%55.2%29.9%3.9%-0.4%-8.9M295.3M-5.2M0.6918.4918,23512,493111,38187,155
2019-09-25$222.65$230.0028.3%8.4%19.0%51.1%28.9%3.4%-0.4%-11.9M375.1M-5.1M0.6213.5412,9848,033118,32191,272
2019-09-26$215.74$230.0032.1%9.4%20.8%67.3%32.6%4.8%-0.7%-14.7M600.8M-5.1M0.7512.0440,36530,087123,63793,235
2019-09-27$215.54$227.5030.8%8.9%19.9%61.6%30.9%3.7%-0.3%-11.3M581.4M-5.5M0.6619.0518,02211,885141,378105,862
2019-09-30$218.16$225.0028.4%8.4%19.7%51.5%29.7%3.3%-0.5%-6.1M409.7M-5.6M0.5616.1316,9089,431131,093101,641