UNH Options History — December 2019

In December 2019, UNH traded between $276.69 and $296.29. ATM implied volatility averaged 20.5%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 2.6% (HV 20d: 17.8%). Max pain ranged from $250.00 to $260.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2019-12-05: Highest Volume — 109,722 contracts
  • 2019-12-16: Largest IV spike — 16.2% change
  • 2019-12-31: Highest IV Rank — 32.6%
  • 2019-12-31: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$287.52$276.69$296.29$280.16$293.38
Max Pain$254.76$250.00$260.00$250.00$260.00
ATM IV20.5%18.4%22.8%20.5%22.4%
Expected Move6.4%5.6%7.0%6.1%7.0%
HV 20d17.8%12.7%22.6%22.0%13.3%
HV 60d25.8%24.4%26.6%26.4%24.4%
IV Rank15.5%5.3%32.6%14.9%32.6%
IV Percentile26.5%4.8%49.2%24.6%48.0%
Term Structure0.9%-0.8%4.8%0.5%0.1%
VWIV22.8%19.7%25.6%21.8%25.6%
Skew 25d2.7%2.1%3.3%2.8%3.2%
Skew 10d5.5%3.9%6.7%5.1%6.7%
Call IV 25d19.3%16.4%21.6%19.5%20.9%
Put IV 25d22.0%19.0%24.1%22.3%24.1%
Bid-Ask Spread %7.713.8316.1016.103.83
Gamma HHI0.120.090.170.100.13
Net GEX87.8M68.7M121.6M81.2M68.7M
Net DEX-1.76B-2.24B-1.17B-1.89B-1.64B
Net VEX-6.3M-6.7M-5.9M-6.5M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.071.380.781.38
Total Volume21,181.196,732109,72213,20810,181
Total OI240,737.667220,767263,226243,763225,892

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$280.16$250.0020.5%6.1%22.0%14.9%21.8%2.8%0.5%81.2M-1.89B-6.5M0.7816.107,4345,774136,765106,998
2019-12-03$276.69$250.0020.5%6.1%22.6%14.7%22.1%3.3%0.8%69.2M-1.62B-6.6M0.839.6117,31714,369138,647109,648
2019-12-04$279.98$250.0018.9%5.6%22.4%7.2%19.7%2.3%1.1%78.7M-1.86B-6.5M0.5213.7810,7205,529141,044114,327
2019-12-05$282.03$250.0018.7%6.5%22.4%6.3%23.4%3.0%0.8%91.7M-2.00B-6.4M0.0710.14102,2007,522142,982115,756
2019-12-06$280.13$250.0018.5%6.5%22.2%5.5%22.7%2.8%1.0%76.5M-1.38B-6.7M0.7511.0210,3527,774129,729116,941
2019-12-09$278.26$250.0018.5%6.2%22.5%5.5%24.5%2.9%3.0%72.6M-1.17B-6.4M0.699.967,9815,523119,781109,343
2019-12-10$278.85$250.0018.7%6.3%21.5%6.3%22.5%3.1%3.2%78.5M-1.21B-6.4M1.018.297,6287,684122,930111,946
2019-12-11$280.02$250.0018.4%6.4%21.5%5.3%22.6%3.3%4.0%85.3M-1.29B-6.4M1.178.265,2336,110124,137113,275
2019-12-12$283.46$250.0018.7%6.5%21.5%6.4%24.1%2.7%4.8%104.0M-1.52B-6.4M0.9213.277,2906,684124,755115,847
2019-12-13$285.62$250.0018.7%5.9%21.5%6.3%22.0%2.6%3.0%121.6M-1.71B-6.1M0.574.4314,1368,044125,364117,226
2019-12-16$291.89$250.0021.7%6.5%15.0%19.6%22.7%2.5%-0.8%99.4M-2.02B-5.9M0.485.1624,22511,683122,049111,604
2019-12-17$290.26$260.0021.6%6.3%14.7%19.3%22.1%2.6%-0.4%101.7M-1.93B-6.0M0.726.9813,3339,648127,811116,748
2019-12-18$293.44$260.0022.6%6.5%14.9%23.8%23.0%2.5%-0.3%103.7M-2.16B-6.3M0.475.0111,7745,538133,543122,401
2019-12-19$294.63$260.0022.8%6.6%14.9%24.4%22.6%2.3%-0.8%102.0M-2.24B-6.2M0.444.3114,3876,362136,499123,392
2019-12-20$293.62$260.0021.5%6.2%15.1%18.7%21.3%2.1%-0.8%78.6M-2.16B-6.2M0.476.2714,8446,934138,380124,846
2019-12-23$295.18$260.0020.7%6.1%15.0%15.1%21.2%2.5%0.0%87.2M-1.85B-6.1M0.566.518,5404,815118,253104,638
2019-12-24$294.61$260.0020.9%6.3%13.1%16.1%22.2%2.6%-0.2%87.5M-1.83B-6.2M1.154.893,1383,594122,041106,235
2019-12-26$295.42$260.0021.5%6.4%12.8%23.2%23.3%2.6%-0.2%91.8M-1.87B-6.0M1.095.514,5034,901122,798107,554
2019-12-27$296.29$260.0021.9%6.7%12.7%25.9%23.9%2.7%-0.3%91.5M-1.92B-6.1M0.883.865,7585,065123,447109,152
2019-12-30$293.94$260.0022.3%6.9%13.2%27.7%24.8%3.1%0.1%72.4M-1.68B-6.0M1.214.674,6515,627117,425103,342
2019-12-31$293.38$260.0022.4%7.0%13.3%32.6%25.6%3.2%0.1%68.7M-1.64B-6.1M1.383.834,2785,903119,075106,817