UNH Options History — June 2021

In June 2021, UNH traded between $391.41 and $408.95. ATM implied volatility averaged 20.0%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 7.3% (HV 20d: 12.7%). Max pain ranged from $380.00 to $410.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2021-06-17: Highest Volume — 72,110 contracts
  • 2021-06-18: Largest IV spike — 11.7% change
  • 2021-06-18: Highest IV Rank — 23.6%
  • 2021-06-30: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$400.34$391.41$408.95$406.50$399.96
Max Pain$400.91$380.00$410.00$380.00$400.00
ATM IV20.0%17.7%22.9%19.3%22.0%
Expected Move6.0%5.4%6.7%5.5%6.7%
HV 20d12.7%10.1%15.1%15.1%13.6%
HV 60d17.1%16.1%17.9%17.7%16.1%
IV Rank9.8%0.0%23.6%5.4%19.6%
IV Percentile8.0%0.0%18.7%2.0%18.7%
Term Structure1.0%-0.4%3.2%0.2%0.6%
VWIV21.4%19.5%23.7%19.8%23.2%
Skew 25d3.1%-0.3%5.2%2.6%5.2%
Skew 10d6.1%3.7%10.1%4.7%4.2%
Call IV 25d18.8%16.0%21.8%19.3%18.7%
Put IV 25d21.9%18.6%25.9%21.9%23.9%
Bid-Ask Spread %48.0023.4067.9837.5623.40
Gamma HHI0.070.050.150.080.06
Net GEX11.5M-35.2M40.1M26.7M35.1M
Net DEX-805.7M-1.28B-120.8M-1.19B-620.6M
Net VEX-7.3M-7.8M-6.9M-7.3M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.101.450.970.55
Total Volume12,874.0455,43172,1108,5055,855
Total OI156,106.682126,173173,337159,424143,427

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$406.50$380.0019.3%5.5%15.1%5.4%19.8%2.6%0.2%26.7M-1.19B-7.3M0.9737.564,3164,18979,40080,024
2021-06-02$405.85$380.0019.3%5.4%14.6%5.5%19.5%4.8%0.4%24.1M-1.15B-7.3M0.7035.554,0232,80080,75882,179
2021-06-03$408.95$410.0018.7%6.1%14.8%2.7%22.4%3.1%-0.3%40.1M-1.28B-7.4M0.6458.705,4463,51181,93483,179
2021-06-04$405.19$410.0018.6%5.8%14.9%2.3%21.8%3.4%0.7%19.4M-1.16B-7.3M1.1665.684,6635,43084,17785,014
2021-06-07$399.76$410.0019.4%6.2%15.0%5.6%21.8%2.8%2.3%2.5M-932.2M-7.1M1.2953.745,1766,68979,01884,082
2021-06-08$401.73$410.0018.1%6.1%14.3%0.5%21.0%2.5%3.0%8.1M-1.02B-7.1M1.2159.233,4794,21381,11787,073
2021-06-09$400.83$410.0018.3%6.1%10.9%1.2%21.7%2.9%3.0%7.1M-957.5M-7.2M0.7763.343,0662,37481,87988,237
2021-06-10$401.06$410.0017.8%5.8%10.3%0.0%20.6%2.6%2.9%7.7M-974.7M-7.1M0.5466.877,0373,83282,20388,932
2021-06-11$397.36$400.0017.7%5.7%10.1%0.0%20.7%2.5%3.2%-14.5M-735.3M-6.9M1.4566.345,6298,13981,30690,894
2021-06-14$398.90$400.0019.1%5.7%10.3%5.6%20.7%2.5%0.8%-5.5M-830.1M-6.9M0.7767.984,0733,12876,77388,133
2021-06-15$400.43$400.0019.7%5.7%10.5%8.4%20.7%2.7%0.8%628.9K-887.5M-7.0M0.7161.994,3963,14077,58689,367
2021-06-16$397.02$400.0020.7%5.9%10.6%13.7%21.6%3.2%0.9%-3.8M-743.5M-7.1M0.5256.996,1993,25179,00590,611
2021-06-17$397.49$400.0020.5%5.8%10.2%12.8%20.9%2.9%0.9%2.4M-756.5M-6.9M0.1049.9365,7736,33781,18092,157
2021-06-18$391.41$400.0022.9%6.6%11.1%23.6%23.7%4.0%0.1%-35.2M-120.8M-7.4M1.3050.267,5159,76972,70594,364
2021-06-21$398.04$400.0021.7%6.1%12.7%17.9%21.7%4.0%-0.1%11.0M-568.3M-7.3M0.7825.935,3834,19557,97768,196
2021-06-22$399.33$400.0020.4%5.9%12.8%12.4%21.2%-0.3%-0.3%19.7M-631.5M-7.3M0.7032.624,1922,91760,64070,364
2021-06-23$396.02$400.0021.1%6.0%12.8%15.6%21.2%2.8%1.4%10.4M-505.5M-7.4M0.9636.718,0977,77662,08471,680
2021-06-24$399.35$400.0020.8%5.8%13.3%14.1%20.9%4.7%-0.4%23.3M-626.0M-7.4M1.1036.242,5922,83962,97474,878
2021-06-25$402.99$400.0020.8%6.0%13.8%13.9%21.2%2.8%-0.1%24.2M-773.2M-7.4M0.5735.379,0485,18263,77176,106
2021-06-28$401.25$400.0021.8%6.6%13.9%18.5%22.6%2.6%-0.2%27.4M-694.4M-7.4M0.6833.956,2994,27763,75073,597
2021-06-29$398.02$400.0021.2%6.5%13.4%16.0%22.8%4.7%0.9%21.6M-571.7M-7.6M0.8637.539,1467,83866,63474,982
2021-06-30$399.96$400.0022.0%6.7%13.6%19.6%23.2%5.2%0.6%35.1M-620.6M-7.8M0.5523.403,7822,07367,43175,996