UNH Options History — September 2021

In September 2021, UNH traded between $391.43 and $423.58. ATM implied volatility averaged 23.2%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 5.7% (HV 20d: 17.5%). Max pain ranged from $410.00 to $420.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.81.

Notable Days

  • 2021-09-09: Highest Volume — 60,304 contracts
  • 2021-09-20: Largest IV spike — 19.9% change
  • 2021-09-30: Highest IV Rank — 59.4%
  • 2021-09-30: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$411.84$391.43$423.58$417.40$391.43
Max Pain$414.76$410.00$420.00$410.00$410.00
ATM IV23.2%17.4%30.3%17.9%30.3%
Expected Move7.2%4.9%9.0%4.9%9.0%
HV 20d17.5%14.6%19.9%17.7%19.9%
HV 60d17.1%15.9%18.1%15.9%18.1%
IV Rank29.0%3.9%59.4%5.9%59.4%
IV Percentile39.9%0.4%86.9%3.2%86.9%
Term Structure0.4%-2.6%4.4%1.2%-2.6%
VWIV26.1%17.3%32.5%17.3%32.5%
Skew 25d5.0%1.4%7.9%2.0%7.9%
Skew 10d10.6%1.9%17.2%5.4%15.6%
Call IV 25d21.8%16.9%27.0%17.9%26.8%
Put IV 25d26.8%18.9%34.6%19.9%34.6%
Bid-Ask Spread %40.7122.4459.7759.7740.52
Gamma HHI0.110.050.370.110.05
Net GEX22.1M-18.8M95.0M36.0M-18.8M
Net DEX-606.3M-1.20B94.3M-883.1M94.3M
Net VEX-8.1M-8.5M-7.6M-7.8M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.351.470.391.41
Total Volume12,825.0485,34760,3049,76214,858
Total OI156,229.667135,480171,066155,294161,505

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-09-01$417.40$410.0017.9%4.9%17.7%5.9%17.3%2.0%1.2%36.0M-883.1M-7.8M0.3959.777,0102,75271,71983,575
2021-09-02$422.91$420.0017.4%6.3%15.1%3.9%22.7%1.9%1.1%71.9M-1.16B-7.7M0.5848.095,2883,09374,60486,150
2021-09-03$423.58$420.0017.4%6.4%14.8%3.9%21.6%1.4%0.8%50.0M-1.20B-7.6M0.8348.414,8143,99975,18786,811
2021-09-07$421.02$420.0018.3%6.4%14.6%7.6%23.0%3.7%3.9%45.8M-1.04B-7.6M0.8251.703,7093,04972,42984,055
2021-09-08$414.99$420.0019.5%6.9%15.6%12.9%24.7%3.4%4.4%23.9M-755.7M-7.9M0.5349.696,2113,27373,50085,807
2021-09-09$415.41$420.0019.3%6.5%15.3%12.2%23.6%2.7%4.0%26.8M-759.4M-7.9M0.4748.5041,07319,23174,14187,241
2021-09-10$405.00$420.0022.4%7.3%17.8%25.5%26.1%4.3%4.3%-14.4M-402.9M-8.1M1.0351.9010,23710,50176,27489,076
2021-09-13$414.48$420.0023.8%7.1%19.4%31.1%25.1%6.1%-1.4%23.3M-613.2M-8.0M1.0149.376,5646,64270,18086,944
2021-09-14$412.30$410.0024.9%7.3%18.6%36.1%27.8%6.4%-0.8%16.6M-558.5M-8.1M0.8742.184,3663,77872,86892,000
2021-09-15$418.28$410.0024.4%7.0%18.8%34.1%26.4%5.9%-1.9%42.4M-799.2M-8.0M1.0744.905,7146,13573,62292,581
2021-09-16$417.47$410.0024.0%6.9%18.6%32.3%27.4%6.1%-0.5%35.8M-734.8M-8.1M0.8937.254,0803,62374,97894,187
2021-09-17$419.46$410.0024.2%7.0%17.2%33.1%28.4%6.6%-0.9%95.0M-825.6M-8.2M0.5644.057,6364,29875,80195,265
2021-09-20$411.37$410.0029.0%8.5%18.0%53.7%29.6%7.4%-0.7%12.4M-535.0M-8.5M0.9831.024,7474,63662,40573,075
2021-09-21$412.63$410.0026.8%8.1%17.9%44.1%29.9%7.3%-0.4%13.9M-560.7M-8.3M1.0729.012,5852,76263,96374,777
2021-09-22$408.66$415.0025.0%7.6%18.1%36.3%26.2%5.5%-0.5%2.1M-431.1M-8.4M0.6530.776,5164,21165,98277,595
2021-09-23$409.53$415.0024.0%7.2%18.0%32.4%24.9%5.1%-0.4%1.4M-462.9M-8.3M1.0230.163,6553,74266,93479,371
2021-09-24$407.50$415.0024.0%7.1%17.9%32.1%25.0%5.3%-0.2%6.9M-400.9M-8.3M0.6822.448,2035,54570,04781,408
2021-09-27$405.47$415.0024.2%7.4%17.8%33.2%25.7%4.6%-0.7%1.9M-361.9M-8.3M0.4326.507,2653,09568,35078,785
2021-09-28$399.17$415.0025.9%8.4%18.5%40.4%31.4%6.0%-0.3%-4.8M-152.9M-8.3M1.4734.955,5678,18169,98081,586
2021-09-29$400.49$415.0025.4%8.0%18.5%38.0%28.1%5.7%-0.2%-3.8M-192.5M-8.3M0.3533.634,9321,75072,75883,307
2021-09-30$391.43$410.0030.3%9.0%19.9%59.4%32.5%7.9%-2.6%-18.8M94.3M-8.4M1.4140.526,1768,68275,65685,849