UNH Options History — October 2020

In October 2020, UNH traded between $303.08 and $333.03. ATM implied volatility averaged 33.4%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 6.3% (HV 20d: 27.1%). Max pain ranged from $300.00 to $320.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.95.

Notable Days

  • 2020-10-14: Highest Volume — 27,833 contracts
  • 2020-10-28: Largest IV spike — 20.1% change
  • 2020-10-28: Highest IV Rank — 26.3%
  • 2020-10-30: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$321.05$303.08$333.03$311.97$303.08
Max Pain$307.05$300.00$320.00$305.00$320.00
ATM IV33.4%29.7%39.8%32.2%39.5%
Expected Move9.6%8.5%11.8%9.4%11.8%
HV 20d27.1%23.4%29.3%28.2%28.7%
HV 60d23.2%21.9%25.2%23.1%25.0%
IV Rank18.4%13.9%26.3%16.9%25.9%
IV Percentile63.5%46.8%82.9%61.9%81.3%
Term Structure0.1%-2.9%4.6%2.6%3.4%
VWIV33.8%30.1%40.7%32.7%38.4%
Skew 25d5.0%1.9%7.8%6.2%7.0%
Skew 10d10.3%3.6%14.9%14.9%13.7%
Call IV 25d31.1%27.5%36.4%29.6%36.4%
Put IV 25d36.1%31.5%43.5%35.8%43.5%
Bid-Ask Spread %53.7444.3866.3844.3857.94
Gamma HHI0.110.060.330.060.06
Net GEX27.2M-34.2M82.0M29.3M-11.9M
Net DEX-731.6M-1.31B132.5M-565.2M132.5M
Net VEX-5.9M-6.4M-5.7M-6.3M-6.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.432.690.480.73
Total Volume13,501.7275,68227,8338,88613,011
Total OI169,281.227155,564190,050164,321177,183

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-10-01$311.97$305.0032.2%9.4%28.2%16.9%32.7%6.2%2.6%29.3M-565.2M-6.3M0.4844.385,9932,89375,64388,678
2020-10-02$312.94$305.0032.9%9.6%27.7%17.8%34.5%7.4%4.6%27.6M-632.4M-6.4M0.7550.2210,4207,78077,75289,878
2020-10-05$318.11$300.0034.6%10.0%28.2%19.9%37.2%5.6%-1.8%34.2M-720.1M-6.3M0.5758.464,7592,69273,46084,768
2020-10-06$314.65$300.0036.2%10.3%28.1%21.9%35.7%7.8%-0.9%31.2M-627.9M-6.2M0.7960.033,8893,08875,10386,323
2020-10-07$323.53$300.0034.7%10.1%29.3%20.0%34.0%5.5%0.9%45.3M-950.1M-6.1M0.6858.777,0164,76475,81387,801
2020-10-08$322.86$300.0034.4%9.9%27.5%19.6%34.2%7.0%0.6%44.7M-917.6M-6.0M0.8753.796,5915,76176,51789,564
2020-10-09$327.45$300.0033.7%9.7%27.0%18.8%34.2%3.9%1.4%72.3M-1.12B-6.0M0.5861.586,6383,86478,64092,087
2020-10-12$331.20$300.0035.6%9.6%25.9%21.1%33.5%1.9%-1.6%39.6M-1.18B-5.7M0.4752.8113,0066,15374,68587,674
2020-10-13$333.03$300.0033.2%9.3%25.7%18.2%32.9%2.9%-0.1%43.8M-1.26B-5.7M0.8959.1212,68811,29179,52991,035
2020-10-14$321.77$300.0030.1%8.7%29.1%14.4%30.8%3.0%0.4%27.0M-767.5M-5.8M0.7366.3816,09011,74385,72698,121
2020-10-15$324.89$300.0032.4%9.0%28.9%17.2%30.7%3.8%-1.1%38.7M-929.6M-5.9M0.5063.579,8814,97988,386100,018
2020-10-16$330.81$300.0030.5%8.7%29.0%14.9%30.9%2.5%-0.8%82.0M-1.31B-5.7M0.6462.3911,0137,05989,131100,919
2020-10-19$323.85$310.0031.2%9.0%25.9%15.7%31.7%4.3%-1.5%28.2M-762.4M-5.7M2.6948.094,14811,16772,63282,932
2020-10-20$324.86$310.0031.0%8.9%25.5%15.4%31.8%3.8%0.4%17.4M-744.1M-5.8M1.3047.404,0305,24374,52391,138
2020-10-21$323.31$310.0030.4%8.7%25.2%14.7%30.8%2.9%0.1%15.6M-700.6M-5.8M0.9746.543,5123,40875,64491,158
2020-10-22$326.13$310.0030.5%8.7%25.2%14.9%30.1%4.4%0.5%25.7M-812.4M-5.8M0.4345.085,0822,20077,03292,474
2020-10-23$329.98$315.0029.7%8.5%23.4%13.9%31.5%7.7%-0.6%49.5M-968.2M-5.7M0.7049.647,9615,57878,20792,933
2020-10-26$321.53$315.0033.5%9.8%25.7%18.5%34.7%5.3%-0.4%9.9M-604.2M-5.8M1.2048.465,2226,27273,49088,620
2020-10-27$321.93$315.0033.1%9.6%25.6%18.1%35.3%5.1%-1.0%7.2M-603.6M-5.9M1.2945.482,4783,20474,34992,126
2020-10-28$309.48$320.0039.8%11.5%28.4%26.3%40.7%5.2%-2.9%-25.1M-115.4M-6.0M1.2649.224,2395,33775,70694,152
2020-10-29$305.78$320.0035.6%10.6%28.7%21.1%38.2%6.6%-0.1%-34.2M57.8M-5.9M2.4053.007,31817,57776,92395,714
2020-10-30$303.08$320.0039.5%11.8%28.7%25.9%38.4%7.0%3.4%-11.9M132.5M-6.0M0.7357.947,5165,49579,14598,038