UNH Options History — January 2021

In January 2021, UNH traded between $333.07 and $365.75. ATM implied volatility averaged 29.1%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 9.1% (HV 20d: 20.0%). Max pain ranged from $340.00 to $340.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.84.

Notable Days

  • 2021-01-06: Highest Volume — 34,853 contracts
  • 2021-01-27: Largest IV spike — 15.0% change
  • 2021-01-04: Highest IV Rank — 18.4%
  • 2021-01-27: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$350.76$333.07$365.75$348.79$334.35
Max Pain$340.00$340.00$340.00$340.00$340.00
ATM IV29.1%24.3%33.5%33.4%31.8%
Expected Move8.2%7.0%9.7%9.3%9.0%
HV 20d20.0%14.7%24.6%14.7%24.6%
HV 60d29.7%28.3%30.8%29.9%29.0%
IV Rank11.1%3.1%18.4%18.4%11.1%
IV Percentile33.8%2.0%62.3%61.1%53.2%
Term Structure-0.2%-1.9%0.8%-1.5%0.6%
VWIV29.1%24.7%34.4%34.3%32.3%
Skew 25d3.8%2.0%6.9%4.1%4.1%
Skew 10d9.0%3.7%16.0%13.1%16.0%
Call IV 25d27.4%23.2%32.1%32.1%31.8%
Put IV 25d31.2%25.2%36.2%36.2%35.9%
Bid-Ask Spread %55.8140.6569.1756.5751.77
Gamma HHI0.110.060.340.110.06
Net GEX33.1M-9.9M94.0M40.9M-3.8M
Net DEX-759.3M-1.75B65.2M-985.2M20.8M
Net VEX-4.6M-5.4M-4.2M-4.5M-5.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.242.061.231.50
Total Volume17,310.5797,17934,85319,57013,455
Total OI138,748.15887,769171,206152,577130,644

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-01-04$348.79$340.0033.4%9.3%14.7%18.4%34.3%4.1%-1.5%40.9M-985.2M-4.5M1.2356.578,79010,78070,98881,589
2021-01-05$345.86$340.0032.2%8.7%14.8%16.9%31.8%4.7%-0.7%35.1M-896.4M-4.5M1.1657.306,5667,59774,48587,784
2021-01-06$358.05$340.0028.5%8.1%19.0%12.3%31.0%2.6%-0.0%79.4M-1.42B-4.3M0.6364.8221,36213,49176,13890,497
2021-01-07$365.75$340.0028.3%8.1%20.3%12.1%31.1%3.4%0.5%94.0M-1.75B-4.2M0.6861.1013,6549,29278,01391,951
2021-01-08$362.75$340.0028.8%8.1%20.0%12.7%28.6%4.0%-0.1%71.4M-1.57B-4.3M0.6364.3612,4477,84076,74694,460
2021-01-11$359.95$340.0030.6%8.6%19.6%14.9%29.7%3.6%-0.3%56.5M-1.33B-4.3M1.4664.193,7575,47572,08585,983
2021-01-12$357.30$340.0029.3%8.2%19.3%13.3%29.2%2.4%-0.3%51.8M-1.19B-4.4M0.6759.974,2882,89172,89189,027
2021-01-13$356.26$340.0029.1%7.8%19.4%13.0%28.3%4.3%-1.9%49.2M-1.14B-4.3M0.6564.915,1183,35273,63590,221
2021-01-14$351.74$340.0030.0%8.3%20.0%14.2%27.1%5.3%-1.7%33.3M-940.3M-4.3M0.2464.138,8332,15475,42091,485
2021-01-15$351.79$340.0028.2%8.0%20.0%11.9%27.5%5.3%0.6%56.8M-1.00B-4.2M0.4669.1713,9926,42777,12192,260
2021-01-19$353.62$340.0027.8%7.9%20.0%11.5%27.7%2.8%0.1%22.7M-456.3M-4.3M0.7746.3115,57211,97646,27041,499
2021-01-20$350.95$340.0024.3%7.0%19.1%5.0%24.7%2.0%0.8%11.8M-374.8M-4.5M0.4350.0712,5755,35053,31151,150
2021-01-21$355.71$340.0025.0%7.1%19.5%5.7%24.8%2.8%0.5%33.7M-547.3M-4.7M0.4050.0617,2996,99855,21352,171
2021-01-22$348.56$340.0025.1%7.1%21.0%3.1%25.1%2.3%0.6%6.0M-294.7M-4.7M1.1440.656,2327,08058,44753,987
2021-01-25$346.73$340.0027.4%7.6%20.7%5.4%30.0%3.2%-0.0%4.0M-276.4M-4.8M2.0644.584,7749,82950,96047,479
2021-01-26$343.49$340.0029.2%7.9%20.9%7.6%25.9%3.7%-0.4%-7.2M-162.1M-5.0M0.2743.6312,0763,30652,54755,845
2021-01-27$333.07$340.0033.5%9.7%22.9%13.3%34.4%4.2%-0.6%-9.9M65.2M-5.1M0.9153.5310,9219,90760,24556,570
2021-01-28$339.78$340.0030.2%8.7%24.1%9.0%30.0%6.9%-0.2%3.0M-173.4M-5.4M0.7053.217,8915,55465,53761,561
2021-01-29$334.35$340.0031.8%9.0%24.6%11.1%32.3%4.1%0.6%-3.8M20.8M-5.4M1.5051.775,3828,07366,77063,874