UNH Options History — August 2020

In August 2020, UNH traded between $303.50 and $322.99. ATM implied volatility averaged 26.7%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 8.5% (HV 20d: 18.2%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2020-08-27: Highest Volume — 21,257 contracts
  • 2020-08-26: Largest IV spike — 12.9% change
  • 2020-08-31: Highest IV Rank — 14.0%
  • 2020-08-06: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$314.49$303.50$322.99$303.50$315.18
Max Pain$294.76$290.00$300.00$300.00$300.00
ATM IV26.7%23.4%29.8%29.4%29.8%
Expected Move7.5%6.7%8.3%8.2%8.1%
HV 20d18.2%16.3%23.0%22.6%16.3%
HV 60d29.6%26.0%31.8%31.6%26.0%
IV Rank10.1%6.0%14.0%13.5%14.0%
IV Percentile42.6%29.8%59.5%57.9%59.5%
Term Structure0.5%-1.0%3.6%-0.1%0.8%
VWIV27.2%23.4%30.3%28.0%28.7%
Skew 25d7.5%5.8%10.7%7.4%6.5%
Skew 10d15.1%11.5%16.7%13.9%15.2%
Call IV 25d23.9%21.1%28.2%25.7%28.2%
Put IV 25d31.4%28.5%34.7%33.2%34.7%
Bid-Ask Spread %49.1811.2265.2840.7314.82
Gamma HHI0.130.080.240.080.11
Net GEX44.4M-3.3M91.2M24.5M33.7M
Net DEX-805.5M-1.21B-391.1M-470.9M-722.0M
Net VEX-6.5M-6.9M-6.0M-6.8M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.451.910.680.94
Total Volume12,7536,68521,2578,32812,837
Total OI180,747.619160,825190,358171,642179,814

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$303.50$300.0029.4%8.2%22.6%13.5%28.0%7.4%-0.1%24.5M-470.9M-6.8M0.6840.734,9543,37485,55786,085
2020-08-04$304.33$300.0029.1%7.8%21.9%13.2%26.7%8.4%-0.6%28.8M-502.0M-6.8M0.5248.127,9604,15687,34987,663
2020-08-05$310.87$300.0027.6%7.6%23.0%11.3%26.3%7.7%0.4%48.1M-758.4M-6.9M0.5143.369,3534,74088,76489,124
2020-08-06$313.31$290.0027.8%8.3%21.2%11.5%28.9%7.2%1.5%59.5M-890.5M-6.9M0.4554.219,8504,40691,43690,648
2020-08-07$317.13$290.0026.9%7.8%21.4%10.4%29.3%10.7%0.3%71.2M-1.05B-6.8M0.6958.3311,2837,82293,52790,884
2020-08-10$318.42$290.0028.1%7.7%18.6%11.9%30.3%7.9%-1.0%55.5M-1.01B-6.8M0.7457.145,2863,91389,01487,717
2020-08-11$317.02$290.0028.0%7.8%17.1%11.8%27.3%7.9%-0.9%51.2M-956.1M-6.7M0.6960.068,0835,58290,06288,857
2020-08-12$322.99$290.0026.0%7.6%16.9%9.3%26.8%7.4%0.6%63.8M-1.20B-6.6M0.8158.729,1997,40590,62791,582
2020-08-13$320.76$290.0026.0%7.6%16.7%9.3%28.8%7.0%0.5%59.6M-1.10B-6.7M1.1559.823,1123,57393,87293,953
2020-08-14$322.44$290.0025.8%7.5%16.8%9.1%29.8%6.6%0.5%69.5M-1.21B-6.6M1.2760.436,6048,37094,69394,963
2020-08-17$321.01$290.0025.4%7.3%16.6%8.6%27.9%6.5%1.6%68.6M-1.10B-6.4M1.5661.592,9774,63890,08889,262
2020-08-18$316.74$290.0024.9%7.2%17.4%8.0%28.0%7.6%0.6%56.4M-887.6M-6.4M1.3458.223,5814,81591,18291,235
2020-08-19$316.24$290.0024.2%6.9%17.3%7.1%27.3%6.6%2.0%52.0M-863.7M-6.3M1.6263.172,7614,47991,75493,546
2020-08-20$313.50$290.0025.0%7.2%16.8%8.1%24.4%5.8%-0.1%23.8M-703.3M-6.2M1.3965.284,9696,91092,89495,773
2020-08-21$314.01$300.0025.0%7.2%16.7%8.1%23.4%6.7%-0.4%-3.3M-735.3M-6.1M0.5862.027,7594,53292,88797,471
2020-08-24$308.93$300.0026.3%7.0%17.7%9.6%24.9%6.2%-0.9%24.1M-490.3M-6.0M1.9148.187,03713,45579,43381,392
2020-08-25$311.61$300.0023.4%6.7%17.9%6.0%23.4%8.3%3.6%19.7M-526.8M-6.2M0.9146.003,6253,30582,58492,201
2020-08-26$308.57$300.0026.4%7.2%16.4%9.8%25.4%7.2%1.1%5.6M-391.1M-6.2M0.4847.719,4574,55183,41893,736
2020-08-27$312.82$300.0027.1%7.5%16.7%10.6%26.2%8.3%2.0%29.4M-603.4M-6.4M0.5211.2213,9817,27686,58295,974
2020-08-28$314.89$300.0027.6%7.9%16.3%11.3%28.7%8.9%-0.1%91.2M-739.6M-6.5M0.5813.5710,0055,83889,87298,225
2020-08-31$315.18$300.0029.8%8.1%16.3%14.0%28.7%6.5%0.8%33.7M-722.0M-6.4M0.9414.826,6236,21485,63094,184