UNH Options History — February 2022

In February 2022, UNH traded between $453.44 and $498.41. ATM implied volatility averaged 25.7%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 1.7% (HV 20d: 23.9%). Max pain ranged from $450.00 to $470.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.16.

Notable Days

  • 2022-02-14: Highest Volume — 15,258 contracts
  • 2022-02-11: Largest IV spike — 13.0% change
  • 2022-02-24: Highest IV Rank — 90.9%
  • 2022-02-23: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$476.72$453.44$498.41$466.81$473.52
Max Pain$461.97$450.00$470.00$460.00$470.00
ATM IV25.7%22.2%29.1%25.4%27.8%
Expected Move7.4%6.4%8.5%7.3%8.4%
HV 20d23.9%19.8%29.3%24.4%29.3%
HV 60d22.6%21.0%24.0%21.0%24.0%
IV Rank66.2%41.1%90.9%64.3%81.4%
IV Percentile78.5%52.8%98.0%77.0%92.5%
Term Structure0.1%-0.8%1.1%-0.2%1.1%
VWIV27.1%23.0%34.5%25.9%30.6%
Skew 25d5.6%2.4%7.9%4.9%7.5%
Skew 10d12.5%8.8%16.6%9.5%16.4%
Call IV 25d23.8%21.9%27.1%24.1%25.3%
Put IV 25d29.4%24.5%35.0%28.9%32.8%
Bid-Ask Spread %58.6352.5166.1356.3563.81
Gamma HHI0.080.050.160.060.06
Net GEX20.8M-17.8M64.9M10.4M7.3M
Net DEX-783.7M-1.46B-112.4M-605.4M-568.3M
Net VEX-7.1M-7.3M-6.8M-7.3M-7.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.762.151.131.09
Total Volume11,395.3689,04615,25810,0419,878
Total OI120,572.053108,214131,995116,893110,241

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$466.81$460.0025.4%7.3%24.4%64.3%25.9%4.9%-0.2%10.4M-605.4M-7.3M1.1356.354,7085,33351,96164,932
2022-02-02$481.40$460.0023.9%6.5%26.7%53.7%23.3%4.4%0.4%42.4M-1.01B-7.2M0.7657.506,7815,15753,98966,186
2022-02-03$488.67$450.0024.3%7.2%27.3%56.2%28.0%4.7%-0.1%56.5M-1.22B-7.3M0.9252.687,7057,12155,48166,544
2022-02-04$485.91$450.0024.0%7.0%21.6%54.5%27.4%3.9%0.6%64.9M-1.17B-7.2M0.8854.926,7825,95456,96468,359
2022-02-07$483.04$450.0024.5%7.2%19.8%58.0%26.2%3.9%-0.0%33.8M-998.2M-7.3M1.1455.454,2284,81853,59765,355
2022-02-08$492.98$450.0023.1%6.9%20.7%47.7%24.4%4.4%0.8%48.0M-1.30B-6.9M0.8952.515,1324,56154,39466,680
2022-02-09$498.41$450.0022.2%6.4%20.6%41.1%24.1%2.4%0.4%57.2M-1.46B-6.8M0.9355.655,6115,22955,68767,374
2022-02-10$486.21$460.0023.2%6.7%22.5%48.5%23.7%3.8%-0.4%39.1M-1.09B-7.1M1.3660.074,2995,86156,27668,469
2022-02-11$478.40$460.0026.2%7.5%22.9%70.3%25.3%5.9%-0.1%15.6M-777.6M-7.3M1.0157.146,0276,05856,99070,089
2022-02-14$474.05$460.0028.2%8.2%23.1%84.5%34.5%7.3%-0.7%14.1M-679.0M-7.3M2.1559.344,84910,40954,76867,517
2022-02-15$475.82$470.0024.7%7.1%22.4%59.2%27.5%6.6%0.1%14.7M-723.4M-7.1M1.4159.504,3946,18855,72170,795
2022-02-16$481.27$470.0024.3%7.0%22.6%56.6%23.0%6.4%0.5%29.1M-901.1M-6.9M1.2260.444,4525,40956,89671,878
2022-02-17$471.08$470.0026.5%7.6%24.0%72.3%25.5%6.6%-0.2%1.1M-557.3M-7.2M1.4159.884,8336,83756,69272,287
2022-02-18$470.12$470.0026.3%7.6%23.8%70.9%28.4%6.5%-0.8%-17.8M-524.9M-7.0M1.5863.364,7907,57357,39374,602
2022-02-22$461.86$470.0028.2%8.1%24.4%84.4%28.4%5.4%0.4%-7.6M-301.6M-7.0M1.1453.104,3944,99847,32260,892
2022-02-23$459.87$470.0028.9%8.5%24.4%89.5%29.8%6.0%-0.2%-9.1M-279.4M-6.9M1.2162.634,1195,00248,28461,867
2022-02-24$453.44$470.0029.1%8.4%25.0%90.9%32.2%7.9%0.4%-16.5M-112.4M-7.0M0.8763.527,1936,29248,99162,454
2022-02-25$474.87$467.5026.7%7.6%29.3%73.3%27.4%7.4%0.1%12.4M-607.5M-6.9M0.9366.137,0166,52149,69563,247
2022-02-28$473.52$470.0027.8%8.4%29.3%81.4%30.6%7.5%1.1%7.3M-568.3M-7.0M1.0963.814,7295,14948,81961,422