UNH Options History — October 2021

In October 2021, UNH traded between $386.99 and $460.26. ATM implied volatility averaged 21.1%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 1.6% (HV 20d: 22.7%). Max pain ranged from $400.00 to $427.50. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.81.

Notable Days

2021-10-14: Highest Volume — 47,901 contracts
2021-10-14: Largest IV drop — 19.6% change
2021-10-04: Highest IV Rank — 53.7%
2021-10-01: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$423.44	$386.99	$460.26	$392.18	$460.26
Max Pain	$409.29	$400.00	$427.50	$410.00	$427.50
ATM IV	21.1%	16.9%	29.0%	27.1%	18.3%
Expected Move	6.0%	4.8%	8.7%	8.7%	5.1%
HV 20d	22.7%	19.0%	25.6%	19.0%	22.4%
HV 60d	19.7%	18.1%	21.1%	18.1%	20.3%
IV Rank	19.8%	1.7%	53.7%	45.5%	7.6%
IV Percentile	27.8%	0.4%	81.3%	64.7%	11.9%
Term Structure	-0.2%	-2.0%	1.1%	-1.2%	0.0%
VWIV	21.6%	17.2%	30.9%	30.9%	18.7%
Skew 25d	4.6%	3.2%	9.3%	5.1%	3.2%
Skew 10d	10.6%	6.5%	17.4%	12.7%	8.3%
Call IV 25d	19.5%	15.3%	25.5%	25.5%	16.9%
Put IV 25d	24.1%	19.1%	34.8%	30.6%	20.1%
Bid-Ask Spread %	45.07	38.50	56.76	38.50	47.23
Gamma HHI	0.10	0.05	0.25	0.12	0.16
Net GEX	45.2M	-35.3M	123.0M	-35.3M	92.7M
Net DEX	-1.13B	-2.27B	125.1M	94.1M	-2.27B
Net VEX	-7.9M	-8.5M	-7.3M	-8.3M	-7.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.52	1.43	0.99	0.92
Total Volume	16,569.381	5,068	47,901	15,599	14,812
Total OI	165,090.762	146,886	187,147	161,637	175,492

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-10-01	$392.18	$410.00	27.1%	8.7%	19.0%	45.5%	30.9%	5.1%	-1.2%	-35.3M	94.1M	-8.3M	0.99	38.50	7,848	7,751	75,228	86,409
2021-10-04	$386.99	$410.00	29.0%	7.7%	19.2%	53.7%	28.6%	9.3%	-0.6%	-17.8M	125.1M	-8.3M	0.52	38.58	5,291	2,771	72,188	82,875
2021-10-05	$394.99	$400.00	26.4%	7.5%	21.1%	42.4%	25.4%	7.3%	-0.5%	-6.0M	-123.6M	-8.4M	0.64	43.35	4,016	2,563	74,450	85,852
2021-10-06	$393.97	$400.00	27.1%	7.6%	20.7%	45.3%	26.2%	6.9%	-0.4%	-7.0M	-96.3M	-8.4M	0.53	42.00	3,312	1,756	76,413	87,011
2021-10-07	$404.93	$400.00	23.8%	6.9%	23.3%	31.5%	24.0%	4.2%	-2.0%	23.3M	-539.5M	-8.4M	0.89	46.79	6,720	5,986	76,782	87,291
2021-10-08	$408.83	$400.00	22.4%	6.5%	21.7%	25.4%	23.0%	5.5%	-1.3%	27.0M	-681.3M	-8.5M	0.53	45.81	8,387	4,422	77,533	87,813
2021-10-11	$405.13	$400.00	24.8%	6.6%	20.2%	35.7%	24.1%	5.3%	-2.0%	13.5M	-491.7M	-8.1M	0.94	47.46	4,845	4,560	73,768	84,752
2021-10-12	$402.98	$400.00	23.5%	7.0%	20.2%	30.0%	24.6%	4.9%	1.0%	10.0M	-413.3M	-8.1M	0.87	47.09	3,663	3,178	74,810	85,723
2021-10-13	$404.64	$400.00	23.4%	6.9%	19.5%	29.7%	23.6%	5.2%	0.5%	12.2M	-496.5M	-8.1M	1.43	56.76	12,277	17,541	76,928	88,063
2021-10-14	$419.73	$400.00	18.8%	5.4%	23.8%	10.0%	19.9%	3.3%	-0.0%	73.4M	-1.16B	-7.9M	0.80	50.24	26,686	21,215	78,445	89,935
2021-10-15	$428.35	$400.00	17.3%	4.8%	24.8%	3.5%	17.2%	4.6%	-0.6%	123.0M	-1.70B	-7.5M	0.63	56.76	20,337	12,806	84,494	102,653
2021-10-18	$425.03	$400.00	17.7%	5.1%	23.8%	5.2%	19.1%	3.7%	0.1%	48.8M	-1.16B	-7.6M	1.02	39.65	3,946	4,031	67,223	79,663
2021-10-19	$423.63	$410.00	17.5%	5.0%	23.9%	4.2%	18.8%	3.5%	-0.3%	54.2M	-1.07B	-7.9M	0.73	43.31	6,544	4,760	70,758	83,498
2021-10-20	$435.31	$410.00	17.4%	5.0%	25.2%	4.0%	17.9%	3.3%	-0.1%	85.8M	-1.58B	-8.0M	0.56	41.34	13,874	7,838	75,768	89,111
2021-10-21	$441.43	$410.00	16.9%	4.8%	25.5%	1.7%	17.4%	3.2%	0.6%	98.9M	-1.86B	-7.6M	0.72	45.37	11,206	8,054	78,057	90,564
2021-10-22	$448.21	$420.00	17.4%	4.9%	25.6%	3.8%	18.7%	3.4%	1.0%	80.4M	-2.14B	-7.4M	0.76	44.81	13,430	10,160	79,064	92,358
2021-10-25	$448.99	$420.00	18.1%	5.0%	25.3%	6.8%	18.2%	3.5%	0.4%	68.4M	-1.90B	-7.4M	0.81	45.75	8,715	7,060	74,841	89,340
2021-10-26	$457.19	$425.00	19.8%	5.3%	24.5%	14.2%	18.7%	4.5%	1.1%	66.0M	-2.14B	-7.8M	0.76	42.56	9,379	7,111	76,307	90,896
2021-10-27	$454.97	$425.00	18.6%	5.3%	24.8%	8.8%	19.1%	3.7%	0.1%	67.8M	-2.09B	-7.6M	0.84	39.59	8,966	7,555	78,055	92,942
2021-10-28	$454.51	$427.50	18.2%	5.3%	22.5%	7.2%	19.9%	3.3%	-0.3%	68.9M	-2.12B	-7.3M	1.20	43.49	5,720	6,865	79,707	93,846
2021-10-29	$460.26	$427.50	18.3%	5.1%	22.4%	7.6%	18.7%	3.2%	0.0%	92.7M	-2.27B	-7.7M	0.92	47.23	7,724	7,088	80,514	94,978