UNH Options History — January 2022

In January 2022, UNH traded between $456.14 and $501.33. ATM implied volatility averaged 26.4%, placing in the 59.8% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 3.9% (HV 20d: 22.5%). Max pain ranged from $400.00 to $490.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.22.

Notable Days

  • 2022-01-06: Highest Volume — 40,175 contracts
  • 2022-01-06: Largest IV spike — 12.9% change
  • 2022-01-26: Highest IV Rank — 78.9%
  • 2022-01-25: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$469.25$456.14$501.33$501.33$471.58
Max Pain$462.00$400.00$490.00$400.00$460.00
ATM IV26.4%22.3%29.9%22.6%25.9%
Expected Move7.7%6.7%8.8%6.7%7.3%
HV 20d22.5%16.6%25.6%16.6%24.4%
HV 60d20.9%19.5%22.7%19.5%20.9%
IV Rank59.8%34.1%78.9%35.9%67.6%
IV Percentile81.4%53.6%98.0%57.5%79.4%
Term Structure-0.2%-1.6%0.4%0.0%0.4%
VWIV28.1%23.9%35.9%24.5%25.7%
Skew 25d4.8%2.9%7.6%2.9%6.4%
Skew 10d10.7%5.9%17.4%5.9%12.9%
Call IV 25d24.8%21.4%27.4%21.8%23.5%
Put IV 25d29.6%24.6%33.9%24.7%29.9%
Bid-Ask Spread %46.7831.6159.9258.0250.70
Gamma HHI0.080.050.220.100.08
Net GEX14.1M-23.3M59.3M59.3M15.9M
Net DEX-1.12B-2.37B-327.3M-2.37B-721.1M
Net VEX-7.2M-7.6M-6.4M-6.4M-7.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.761.861.290.89
Total Volume18,385.69,68440,17511,0339,684
Total OI164,397.6599,976202,453163,249114,559

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-01-03$501.33$400.0022.6%6.7%16.6%35.9%24.5%2.9%0.0%59.3M-2.37B-6.4M1.2958.024,8286,20575,59987,650
2022-01-04$492.93$400.0022.3%6.8%16.6%34.1%24.5%3.1%-0.4%44.9M-2.10B-6.5M1.4253.565,2107,41476,61590,257
2022-01-05$491.25$410.0023.8%7.3%16.6%42.9%25.8%3.7%-0.7%34.2M-2.02B-6.8M1.2059.924,6725,62777,45093,224
2022-01-06$469.23$490.0026.9%7.7%23.6%61.0%27.0%4.1%0.3%12.1M-1.24B-7.2M1.3845.2816,85623,31978,01194,133
2022-01-07$458.85$490.0028.4%7.9%24.7%69.8%28.4%4.8%-0.7%-11.2M-791.0M-7.4M1.5031.6111,54817,34784,566101,165
2022-01-10$463.33$480.0028.7%8.2%24.7%71.6%29.7%5.4%0.4%7.6M-1.04B-7.5M1.1331.656,4797,29684,620102,014
2022-01-11$469.27$480.0025.5%7.3%25.1%52.8%26.8%4.0%0.1%15.0M-1.31B-7.2M1.0141.336,4176,48386,082103,251
2022-01-12$474.80$480.0025.2%7.3%25.6%51.2%27.5%4.2%0.1%24.3M-1.56B-7.2M1.8647.255,0329,33787,352104,628
2022-01-13$468.90$480.0025.2%7.3%23.6%51.1%25.2%4.1%0.4%19.8M-1.27B-7.3M1.0145.346,0446,08988,021106,155
2022-01-14$469.06$480.0025.8%7.4%23.5%54.7%26.0%4.1%-0.1%40.2M-1.28B-7.3M1.2145.407,2218,76089,490106,834
2022-01-18$461.79$470.0028.3%8.1%23.8%69.6%28.0%3.0%-0.2%17.8M-1.12B-7.0M0.8847.7016,62214,63984,806101,985
2022-01-19$464.40$470.0024.9%7.1%23.6%49.1%23.9%4.1%-0.5%11.9M-1.16B-6.9M0.7648.5719,66714,89288,062108,177
2022-01-20$466.72$470.0024.1%6.9%23.6%44.9%27.2%3.7%-0.1%6.9M-1.27B-7.1M1.0648.569,3539,87090,640109,923
2022-01-21$463.19$470.0026.3%7.7%22.5%57.5%27.5%5.5%-1.6%-23.3M-1.12B-7.2M1.5847.768,73713,81390,551111,902
2022-01-24$458.25$470.0029.1%8.8%22.3%74.3%34.5%7.6%-0.1%3.5M-397.8M-7.0M1.5243.759,21414,00748,37951,597
2022-01-25$457.28$460.0029.5%8.8%22.2%76.4%35.9%6.4%-0.7%-5.4M-327.3M-7.6M1.4442.606,0548,74251,87962,614
2022-01-26$456.14$460.0029.9%8.7%21.6%78.9%32.3%6.5%-0.9%-305.0K-356.3M-7.5M1.4151.075,4347,68753,04362,363
2022-01-27$464.35$460.0028.4%8.5%22.8%77.6%32.8%5.5%-0.3%7.1M-518.1M-7.6M0.8644.586,9325,96253,58865,563
2022-01-28$462.40$460.0028.1%8.1%22.8%75.5%28.2%7.1%-0.1%2.6M-497.5M-7.6M0.9351.037,3746,84554,61866,587
2022-01-31$471.58$460.0025.9%7.3%24.4%67.6%25.7%6.4%0.4%15.9M-721.1M-7.3M0.8950.705,1234,56150,68663,873