UNH Options History — April 2022

In April 2022, UNH traded between $508.61 and $547.48. ATM implied volatility averaged 25.7%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 5.1% (HV 20d: 20.6%). Max pain ranged from $490.00 to $520.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.88.

Notable Days

  • 2022-04-14: Highest Volume — 27,608 contracts
  • 2022-04-22: Largest IV spike — 16.6% change
  • 2022-04-29: Highest IV Rank — 73.2%
  • 2022-04-26: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$528.51$508.61$547.48$511.30$510.35
Max Pain$505.25$490.00$520.00$490.00$515.00
ATM IV25.7%21.8%28.7%24.8%28.7%
Expected Move7.3%6.3%8.4%7.1%8.4%
HV 20d20.6%18.0%25.9%21.4%25.9%
HV 60d24.1%23.0%25.3%25.3%24.9%
IV Rank55.1%32.0%73.2%49.8%73.2%
IV Percentile76.7%48.4%93.3%73.8%93.3%
Term Structure-0.1%-1.2%1.7%0.3%-1.2%
VWIV25.7%22.2%29.2%25.2%26.3%
Skew 25d5.6%4.3%7.9%5.6%7.5%
Skew 10d12.0%7.2%18.6%10.4%14.9%
Call IV 25d23.2%19.7%26.1%22.1%25.8%
Put IV 25d28.8%24.0%33.3%27.7%33.3%
Bid-Ask Spread %40.5133.6951.8443.6738.38
Gamma HHI0.080.050.110.090.06
Net GEX48.8M16.0M73.6M54.8M17.6M
Net DEX-1.58B-2.43B-802.8M-1.38B-802.8M
Net VEX-8.8M-9.4M-8.2M-8.3M-9.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.461.250.710.46
Total Volume15,6446,85027,60811,74020,387
Total OI132,035.8119,706150,257130,438132,960

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$511.30$490.0024.8%7.1%21.4%49.8%25.2%5.6%0.3%54.8M-1.38B-8.3M0.7143.676,8844,85665,20365,235
2022-04-04$508.61$490.0025.0%7.0%20.6%51.2%25.6%5.8%-0.2%43.3M-1.24B-8.2M0.9746.115,8325,67163,04463,438
2022-04-05$517.00$500.0025.2%6.9%18.4%52.1%23.9%5.8%-0.4%56.8M-1.52B-8.5M0.7943.358,0276,31965,03865,757
2022-04-06$531.84$500.0026.3%7.4%19.0%58.9%27.4%5.0%-0.1%64.8M-1.91B-8.4M0.9243.409,0518,33065,43065,446
2022-04-07$537.39$500.0026.4%7.4%19.0%59.5%26.8%7.9%-0.1%72.3M-2.07B-8.5M0.6039.4610,8716,55567,08568,198
2022-04-08$547.48$500.0026.2%7.3%18.1%57.9%26.2%5.1%-1.2%53.1M-2.43B-8.2M0.5335.1715,1027,97568,85368,749
2022-04-11$538.00$500.0027.1%7.7%19.9%63.6%26.5%6.0%-0.3%58.5M-1.99B-8.5M0.9033.697,9777,19768,33266,986
2022-04-12$532.98$500.0027.2%7.8%19.3%64.1%27.1%5.4%-0.4%56.6M-1.85B-8.7M1.2240.185,7276,99269,89069,068
2022-04-13$537.27$500.0026.9%7.4%19.0%62.4%26.7%5.9%-0.8%61.1M-2.00B-8.6M0.6551.8413,5708,85270,56969,831
2022-04-14$537.28$500.0022.9%6.5%18.0%38.2%23.1%4.7%-0.5%66.7M-2.10B-8.7M0.5737.2317,56210,04676,27873,979
2022-04-18$531.88$500.0023.2%6.6%18.6%40.3%23.2%5.2%0.3%47.4M-1.48B-8.6M1.1337.857,4198,37862,61057,096
2022-04-19$538.44$510.0022.3%6.4%18.8%34.6%22.7%4.9%1.1%60.7M-1.67B-8.6M1.2439.986,6608,27164,55859,866
2022-04-20$546.89$520.0021.8%6.3%19.3%32.0%22.2%4.3%1.7%73.6M-1.94B-8.7M0.9040.087,5696,79666,94262,341
2022-04-21$537.21$510.0022.8%6.5%20.7%37.5%22.7%4.5%0.3%61.3M-1.64B-8.9M1.2545.476,8318,51367,21563,139
2022-04-22$524.53$510.0026.5%7.6%22.3%60.2%26.5%5.4%0.9%26.4M-1.24B-9.2M1.1742.807,6798,95168,65065,726
2022-04-25$525.52$515.0026.9%7.7%22.3%62.3%26.7%4.7%0.1%28.5M-1.19B-9.2M1.2340.335,9947,40063,48161,310
2022-04-26$515.21$515.0028.1%8.4%23.5%69.5%29.2%6.3%-0.3%16.0M-924.3M-9.4M0.8139.916,2315,06864,17462,693
2022-04-27$515.38$515.0028.2%8.2%23.5%70.1%28.5%6.3%-0.4%18.8M-929.2M-9.4M0.7737.393,8752,97566,17563,403
2022-04-28$525.58$515.0027.2%7.6%23.9%63.9%27.6%6.3%-0.0%37.4M-1.23B-9.4M0.8233.875,7774,71067,42264,546
2022-04-29$510.35$515.0028.7%8.4%25.9%73.2%26.3%7.5%-1.2%17.6M-802.8M-9.2M0.4638.3814,0056,38268,13164,829