UNH Options History — June 2020

In June 2020, UNH traded between $282.93 and $311.72. ATM implied volatility averaged 35.2%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 2.6% (HV 20d: 37.7%). Max pain ranged from $270.00 to $290.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.75.

Notable Days

2020-06-18: Highest Volume — 41,471 contracts
2020-06-11: Largest IV spike — 44.1% change
2020-06-12: Highest IV Rank — 29.8%
2020-06-11: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$296.11	$282.93	$311.72	$304.80	$294.31
Max Pain	$282.50	$270.00	$290.00	$275.00	$290.00
ATM IV	35.2%	26.9%	42.6%	29.5%	36.1%
Expected Move	10.3%	8.3%	12.7%	8.4%	10.3%
HV 20d	37.7%	26.9%	43.1%	27.6%	42.8%
HV 60d	57.7%	40.5%	75.5%	74.5%	40.5%
IV Rank	20.6%	10.4%	29.8%	13.6%	21.8%
IV Percentile	76.9%	59.9%	85.3%	71.0%	77.4%
Term Structure	0.0%	-1.8%	2.1%	0.7%	-0.4%
VWIV	35.7%	31.0%	44.3%	31.0%	36.4%
Skew 25d	9.1%	4.7%	11.7%	6.8%	8.3%
Skew 10d	18.4%	11.2%	24.7%	16.1%	17.1%
Call IV 25d	31.4%	25.8%	38.8%	28.0%	33.2%
Put IV 25d	40.5%	31.9%	49.3%	34.8%	41.4%
Bid-Ask Spread %	55.40	39.41	68.49	44.12	53.39
Gamma HHI	0.09	0.06	0.13	0.11	0.07
Net GEX	22.9M	-1.2M	56.7M	46.1M	14.8M
Net DEX	-516.5M	-1.26B	1.7M	-904.6M	-350.7M
Net VEX	-6.5M	-7.0M	-6.1M	-6.5M	-7.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.10	1.40	1.04	0.33
Total Volume	14,535	5,725	41,471	8,235	11,902
Total OI	192,659.773	151,690	218,012	195,395	173,210

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2020-06-01	$304.80	$275.00	29.5%	8.4%	27.6%	13.6%	31.0%	6.8%	0.7%	46.1M	-904.6M	-6.5M	1.04	44.12	4,032	4,203	92,241	103,154
2020-06-02	$304.92	$280.00	30.0%	8.6%	27.4%	14.3%	31.4%	7.5%	0.1%	48.8M	-937.2M	-6.5M	1.06	39.48	2,773	2,952	94,181	104,920
2020-06-03	$306.30	$280.00	28.0%	8.3%	26.9%	11.7%	33.0%	6.5%	0.6%	48.0M	-981.8M	-6.4M	0.61	39.41	6,274	3,836	94,575	106,209
2020-06-04	$295.15	$270.00	31.4%	9.1%	30.1%	16.0%	34.2%	7.4%	-0.3%	34.1M	-498.7M	-6.3M	1.28	52.13	7,326	9,375	94,677	106,881
2020-06-05	$311.72	$270.00	26.9%	8.3%	35.0%	10.4%	31.1%	6.1%	-0.8%	56.7M	-1.26B	-6.1M	0.29	65.77	20,516	6,006	96,061	109,727
2020-06-08	$308.74	$270.00	30.0%	9.0%	35.3%	14.2%	33.9%	6.8%	0.8%	41.8M	-1.02B	-6.2M	0.69	59.22	7,210	4,983	92,254	106,767
2020-06-09	$309.12	$280.00	29.0%	8.8%	35.3%	13.0%	32.9%	4.7%	2.1%	44.7M	-1.03B	-6.2M	0.52	61.60	4,664	2,412	95,541	108,498
2020-06-10	$306.55	$280.00	29.4%	8.7%	35.6%	13.5%	32.8%	8.0%	0.5%	38.1M	-959.6M	-6.2M	1.05	56.74	4,643	4,855	96,695	109,428
2020-06-11	$283.88	$280.00	42.4%	12.7%	43.1%	29.5%	44.3%	10.5%	1.7%	-591.8K	-40.8M	-6.5M	1.40	62.38	11,120	15,601	97,676	110,784
2020-06-12	$282.93	$280.00	42.6%	12.3%	39.8%	29.8%	41.1%	11.4%	0.9%	-1.1M	1.7M	-6.6M	0.81	61.39	12,612	10,233	99,227	112,484
2020-06-15	$284.11	$280.00	41.6%	12.1%	39.6%	28.5%	40.1%	11.7%	-1.6%	3.0M	-184.9M	-6.4M	0.65	68.49	7,328	4,773	97,855	109,631
2020-06-16	$292.06	$280.00	38.0%	11.0%	41.0%	24.1%	38.1%	10.5%	0.7%	19.9M	-485.4M	-6.6M	0.47	65.00	9,333	4,347	100,084	110,834
2020-06-17	$292.17	$280.00	38.1%	10.9%	40.8%	24.2%	33.0%	11.6%	-1.0%	18.0M	-470.8M	-6.4M	0.85	64.60	4,671	3,955	101,781	112,531
2020-06-18	$289.91	$290.00	37.9%	10.9%	40.6%	24.0%	36.1%	10.3%	-1.1%	15.3M	-347.3M	-6.4M	0.10	64.97	37,809	3,662	103,216	114,796
2020-06-19	$293.91	$290.00	36.4%	10.6%	40.9%	22.2%	35.3%	10.3%	-1.8%	21.2M	-310.6M	-6.6M	0.65	62.16	10,335	6,666	96,875	116,248
2020-06-22	$292.24	$290.00	36.7%	10.4%	40.9%	22.5%	35.4%	8.9%	-0.5%	7.0M	-240.1M	-6.4M	0.47	50.72	5,361	2,498	71,199	80,491
2020-06-23	$298.64	$290.00	33.6%	9.9%	41.3%	18.7%	33.5%	9.2%	0.9%	19.2M	-441.9M	-6.6M	0.85	49.59	10,637	8,998	74,934	82,185
2020-06-24	$291.37	$290.00	38.7%	11.3%	41.1%	24.9%	39.1%	10.3%	-0.2%	8.3M	-236.2M	-6.7M	1.01	49.00	5,345	5,415	78,073	84,376
2020-06-25	$295.30	$290.00	37.8%	10.8%	41.2%	23.8%	36.8%	9.8%	-0.8%	16.8M	-367.8M	-6.7M	0.64	50.44	4,460	2,849	79,958	86,009
2020-06-26	$287.63	$290.00	40.1%	11.8%	42.0%	26.6%	36.5%	11.2%	0.3%	-1.2M	-112.7M	-6.5M	0.46	48.98	8,323	3,817	80,837	87,199
2020-06-29	$288.68	$290.00	39.7%	11.7%	42.0%	26.2%	40.5%	11.5%	-0.8%	6.0M	-178.9M	-6.5M	1.31	49.11	5,040	6,620	80,756	83,457
2020-06-30	$294.31	$290.00	36.1%	10.3%	42.8%	21.8%	36.4%	8.3%	-0.4%	14.8M	-350.7M	-7.0M	0.33	53.39	8,924	2,978	85,017	88,193