UNH Options History — November 2021

In November 2021, UNH traded between $439.54 and $464.11. ATM implied volatility averaged 20.9%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 1.8% (HV 20d: 19.1%). Max pain ranged from $420.00 to $430.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2021-11-02: Highest Volume — 19,350 contracts
  • 2021-11-26: Largest IV spike — 18.4% change
  • 2021-11-26: Highest IV Rank — 66.0%
  • 2021-11-26: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$452.08$439.54$464.11$453.58$443.48
Max Pain$421.31$420.00$430.00$430.00$420.00
ATM IV20.9%18.6%27.7%18.9%25.3%
Expected Move6.0%5.3%8.0%5.4%7.7%
HV 20d19.1%15.8%22.7%22.6%19.7%
HV 60d20.6%20.0%21.9%20.5%21.9%
IV Rank25.2%10.3%66.0%10.3%51.9%
IV Percentile35.9%16.7%82.9%17.5%67.1%
Term Structure0.2%-0.7%1.1%0.8%1.1%
VWIV21.0%18.7%28.5%19.0%28.1%
Skew 25d4.1%2.1%6.6%3.6%6.6%
Skew 10d8.0%5.7%14.1%7.2%12.2%
Call IV 25d19.5%16.6%26.0%17.9%23.0%
Put IV 25d23.5%20.2%32.6%21.6%29.6%
Bid-Ask Spread %54.8244.7263.2048.4651.30
Gamma HHI0.090.070.180.090.07
Net GEX70.0M25.8M106.9M62.6M36.4M
Net DEX-1.79B-2.36B-1.03B-1.92B-1.21B
Net VEX-7.3M-8.0M-6.9M-7.4M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.561.361.060.97
Total Volume14,483.09512,03519,35014,04813,904
Total OI178,820.857166,940192,215166,940170,135

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$453.58$430.0018.9%5.4%22.6%10.3%19.0%3.6%0.8%62.6M-1.92B-7.4M1.0648.466,8277,22176,47990,461
2021-11-02$450.70$427.5020.3%5.4%22.7%19.0%20.1%3.0%-0.5%66.2M-1.85B-7.2M0.7151.3711,3358,01577,98491,691
2021-11-03$456.48$430.0019.0%5.3%22.5%12.2%20.2%3.6%0.3%85.6M-2.14B-7.2M1.1655.615,9326,89284,09993,602
2021-11-04$454.90$420.0018.6%5.6%21.5%12.1%19.4%3.6%-0.7%86.9M-2.12B-7.3M1.3653.625,9208,04186,76294,550
2021-11-05$456.45$420.0019.4%5.4%21.4%17.1%21.0%3.9%-0.3%93.4M-2.16B-7.5M1.0555.127,0377,37987,30593,712
2021-11-08$462.77$420.0019.9%5.8%20.9%19.9%20.0%2.1%0.5%83.0M-2.32B-7.2M0.7555.538,4146,29084,08890,976
2021-11-09$464.11$420.0019.8%5.8%20.5%19.4%18.9%4.2%0.5%88.4M-2.36B-7.3M0.7257.018,0385,78286,19392,676
2021-11-10$459.29$420.0019.9%5.7%21.4%19.9%19.9%3.8%0.1%85.2M-2.20B-7.4M0.9559.516,1715,86487,81193,414
2021-11-11$458.37$420.0018.8%5.5%18.3%13.3%19.8%4.1%1.0%88.4M-2.15B-7.4M1.3258.155,9637,86788,60994,084
2021-11-12$460.62$420.0018.8%5.4%17.3%13.3%19.0%2.3%0.4%106.9M-2.32B-6.9M1.1959.665,9367,05089,18495,129
2021-11-15$452.06$420.0019.6%5.6%18.7%18.4%18.7%3.7%0.1%79.2M-1.88B-7.0M1.2157.456,0927,34288,15893,358
2021-11-16$451.19$420.0019.5%5.6%18.6%17.4%18.8%3.3%-0.4%81.6M-1.84B-7.1M0.7657.456,9105,28189,90895,337
2021-11-17$451.07$420.0019.4%5.6%16.3%17.2%18.8%3.9%0.7%84.0M-1.82B-7.1M0.8659.946,5155,59492,10197,173
2021-11-18$449.01$420.0020.6%5.9%15.8%24.0%19.9%4.3%0.9%84.7M-1.65B-7.3M1.0859.626,2616,78692,41097,230
2021-11-19$440.02$420.0021.4%6.1%16.5%28.8%22.0%4.0%-0.0%53.0M-1.21B-7.1M0.7963.2010,5528,31393,09199,124
2021-11-22$439.54$420.0020.9%6.0%16.5%25.8%20.7%4.4%0.1%25.8M-1.03B-7.0M0.5652.649,8845,52079,82187,759
2021-11-23$446.97$420.0022.6%6.4%16.3%35.7%22.2%4.5%0.4%40.1M-1.30B-7.4M0.6044.728,3755,00383,48990,040
2021-11-24$449.76$420.0023.4%6.3%16.4%40.6%21.9%5.6%0.5%55.0M-1.54B-7.2M0.5749.9211,6336,63786,20891,527
2021-11-26$441.40$420.0027.7%8.0%17.6%66.0%28.5%6.6%-0.5%34.0M-1.08B-8.0M0.7748.5810,6148,19889,43992,254
2021-11-29$451.98$420.0024.5%7.1%19.2%46.8%24.9%4.0%0.0%50.1M-1.56B-7.5M0.8152.307,0515,70679,74088,127
2021-11-30$443.48$420.0025.3%7.7%19.7%51.9%28.1%6.6%1.1%36.4M-1.21B-7.8M0.9751.307,0466,85881,42188,714