UNH Options History — May 2022

In May 2022, UNH traded between $469.27 and $508.56. ATM implied volatility averaged 29.4%, placing in the 75.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.2% (HV 20d: 29.1%). Max pain ranged from $460.00 to $515.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.97.

Notable Days

  • 2022-05-27: Highest Volume — 18,935 contracts
  • 2022-05-09: Largest IV spike — 18.4% change
  • 2022-05-09: Highest IV Rank — 100.0%
  • 2022-05-02: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$491.81$469.27$508.56$500.29$497.10
Max Pain$474.52$460.00$515.00$515.00$480.00
ATM IV29.4%24.8%33.6%31.6%28.1%
Expected Move8.5%7.4%9.5%9.5%8.1%
HV 20d29.1%26.8%32.4%26.8%29.8%
HV 60d26.2%25.1%27.8%25.1%25.9%
IV Rank75.8%49.7%100.0%90.5%68.0%
IV Percentile89.2%67.1%100.0%99.2%82.9%
Term Structure-0.4%-2.2%1.1%-1.2%-0.7%
VWIV30.3%25.3%33.7%32.9%29.9%
Skew 25d6.8%5.1%8.7%7.2%6.8%
Skew 10d13.8%9.9%19.4%19.4%12.7%
Call IV 25d26.5%23.1%29.8%27.9%25.4%
Put IV 25d33.3%28.7%38.1%35.1%32.3%
Bid-Ask Spread %45.2537.7255.5646.8344.73
Gamma HHI0.040.040.060.040.04
Net GEX8.5M-18.5M41.4M8.5M16.1M
Net DEX-509.5M-1.01B27.3M-595.4M-723.0M
Net VEX-8.5M-9.0M-8.1M-9.0M-8.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.531.661.061.40
Total Volume13,751.2869,87518,93515,52514,817
Total OI142,678.524127,902153,534133,342145,472

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$500.29$515.0031.6%9.5%26.8%90.5%32.9%7.2%-1.2%8.5M-595.4M-9.0M1.0646.837,5377,98870,34862,994
2022-05-03$498.20$515.0029.0%8.5%26.8%74.9%30.7%7.4%0.5%4.7M-550.9M-9.0M0.6737.729,4216,33572,21964,677
2022-05-04$508.56$515.0024.8%7.4%27.2%49.7%25.3%6.3%-0.6%21.0M-808.4M-8.9M0.5548.1811,5686,34073,20665,132
2022-05-05$492.45$460.0029.0%8.6%27.1%74.7%28.3%7.4%1.1%2.0M-414.3M-8.9M1.0145.096,4706,52775,63666,690
2022-05-06$499.47$460.0028.4%8.4%27.3%71.1%30.0%6.7%1.1%15.1M-631.4M-9.0M1.1948.335,3786,42577,21567,213
2022-05-09$486.06$460.0033.6%9.2%27.2%100.0%32.0%8.7%-2.2%1.9M-329.2M-8.7M0.6939.807,5335,21575,77565,593
2022-05-10$486.41$460.0032.1%9.0%27.0%91.6%32.8%7.5%-0.6%715.5K-315.1M-8.8M1.0640.064,7845,09177,98265,807
2022-05-11$486.41$460.0033.4%9.1%27.0%98.7%33.1%6.9%-0.7%1.5M-341.9M-8.7M0.9242.475,3304,91578,46865,804
2022-05-12$476.79$460.0033.4%9.4%27.1%99.2%33.7%8.5%-1.4%-10.7M-105.2M-8.4M1.0445.836,2196,44679,31766,190
2022-05-13$486.17$460.0029.7%8.4%28.5%77.5%32.4%5.3%-1.0%-1.5M-317.6M-8.5M1.0345.465,6735,84180,29767,638
2022-05-16$489.18$460.0028.5%8.2%28.7%70.3%28.3%6.2%-0.3%3.6M-415.5M-8.3M0.8451.265,8954,92478,90965,277
2022-05-17$491.10$470.0026.8%7.7%28.2%60.4%28.7%5.2%-0.5%8.7M-477.3M-8.2M0.8755.566,0745,27480,84666,235
2022-05-18$469.27$470.0031.1%8.9%30.6%85.3%32.8%6.6%-2.0%-18.5M27.3M-8.1M1.3544.265,7387,73081,13866,047
2022-05-19$479.92$470.0029.7%8.5%32.2%77.5%31.2%6.9%0.1%-11.0M-212.7M-8.2M0.6147.369,1775,63682,58667,061
2022-05-20$483.65$470.0029.8%8.6%31.7%77.6%31.1%6.6%-0.7%2.4M-320.8M-8.3M1.0953.996,4437,01786,02067,514
2022-05-23$491.11$470.0028.7%8.3%32.4%71.7%28.2%7.4%0.1%8.7M-612.0M-8.2M0.9141.346,4085,83167,73260,170
2022-05-24$497.52$470.0028.1%8.2%32.3%67.7%27.1%7.2%0.0%17.9M-755.9M-8.2M0.5341.0310,8955,80469,32762,072
2022-05-25$498.51$480.0027.4%8.3%32.3%63.9%29.7%6.6%0.5%28.4M-822.4M-8.4M0.7644.177,7315,86174,94363,998
2022-05-26$504.40$480.0027.3%7.8%31.8%63.4%30.6%6.3%-1.1%38.3M-965.6M-8.6M1.6644.946,60210,94978,20765,868
2022-05-27$505.54$480.0026.4%7.5%30.1%58.2%27.7%5.1%0.4%41.4M-1.01B-8.5M1.1541.798,79010,14579,70968,917
2022-05-31$497.10$480.0028.1%8.1%29.8%68.0%29.9%6.8%-0.7%16.1M-723.0M-8.5M1.4044.736,1738,64475,87569,597