UNH Options History — July 2022

In July 2022, UNH traded between $503.01 and $543.34. ATM implied volatility averaged 26.5%, placing in the 58.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 4.0% (HV 20d: 30.6%). Max pain ranged from $480.00 to $510.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.97.

Notable Days

  • 2022-07-15: Highest Volume — 64,530 contracts
  • 2022-07-15: Largest IV drop — 14.6% change
  • 2022-07-05: Highest IV Rank — 85.3%
  • 2022-07-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$521.59$503.01$543.34$516.95$543.34
Max Pain$500.88$480.00$510.00$480.00$510.00
ATM IV26.5%21.9%31.2%28.4%21.9%
Expected Move7.5%6.1%8.5%8.5%6.1%
HV 20d30.6%26.9%33.5%31.8%26.9%
HV 60d29.5%28.6%30.5%29.0%29.2%
IV Rank58.3%31.1%85.3%69.1%31.1%
IV Percentile62.8%24.6%94.0%81.0%24.6%
Term Structure-0.1%-1.4%1.0%-1.4%0.8%
VWIV26.8%22.5%32.4%31.0%22.5%
Skew 25d4.7%3.9%6.0%5.7%3.9%
Skew 10d7.8%2.2%11.4%7.6%7.8%
Call IV 25d24.3%19.8%28.2%26.2%19.8%
Put IV 25d29.0%23.7%34.2%31.9%23.7%
Bid-Ask Spread %39.6728.1954.9528.1939.39
Gamma HHI0.090.050.300.090.08
Net GEX67.4M25.9M170.1M59.8M99.3M
Net DEX-1.24B-1.80B-716.1M-1.29B-1.80B
Net VEX-9.5M-10.3M-8.9M-9.2M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.461.351.351.26
Total Volume26,176.413,96664,53019,88925,655
Total OI156,714.2137,853173,995150,715173,995

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-07-01$516.95$480.0028.4%8.5%31.8%69.1%31.0%5.7%-1.4%59.8M-1.29B-9.2M1.3528.198,46111,42873,16777,548
2022-07-05$505.46$490.0031.2%8.5%32.6%85.3%32.4%6.0%-0.8%38.3M-844.9M-9.1M1.2831.8310,40713,32969,45073,644
2022-07-06$515.90$490.0029.5%8.1%33.2%75.4%30.9%5.9%-1.2%60.5M-1.21B-9.2M1.1943.038,47310,09871,62776,459
2022-07-07$513.86$500.0028.8%8.3%33.1%71.5%29.8%4.9%-0.4%62.2M-1.13B-9.3M0.8238.489,1727,49773,40278,994
2022-07-08$520.53$500.0027.7%7.9%33.1%65.1%27.3%4.6%-0.7%124.2M-1.41B-9.0M0.6539.9117,67311,53374,29880,093
2022-07-11$516.00$510.0028.3%7.9%33.3%68.6%29.6%5.0%-0.8%53.7M-1.14B-8.9M0.9244.648,3857,73471,88670,620
2022-07-12$512.61$510.0029.0%8.2%33.3%72.5%28.5%4.3%-0.4%45.1M-1.00B-9.1M1.2343.766,2577,70974,56672,659
2022-07-13$503.01$510.0028.7%8.4%30.2%70.7%30.9%5.4%1.0%25.9M-716.1M-9.1M0.7847.5514,34511,25975,57573,996
2022-07-14$503.60$510.0029.7%8.3%29.7%76.5%30.3%5.0%-1.0%30.2M-748.8M-9.0M0.8950.6218,70416,62378,55176,331
2022-07-15$528.41$490.0025.4%7.1%33.5%51.4%25.8%4.3%-0.9%170.1M-1.76B-8.9M0.4654.9544,11920,41184,30481,656
2022-07-18$520.11$500.0025.5%7.3%33.2%52.1%24.8%4.0%0.9%46.7M-1.09B-9.3M0.8434.2615,93113,35269,45168,402
2022-07-19$531.98$500.0024.5%7.0%33.3%46.4%24.0%3.9%0.8%74.4M-1.47B-9.6M0.7729.9315,82412,14574,77872,885
2022-07-20$520.21$500.0025.4%7.3%29.0%51.6%23.9%4.2%0.4%43.6M-1.03B-10.0M0.7829.9120,20815,81880,11976,906
2022-07-21$521.12$500.0025.2%7.2%28.3%50.3%24.3%4.0%0.5%37.8M-1.03B-10.3M0.6840.6213,5969,28387,46482,196
2022-07-22$520.44$500.0024.8%7.1%28.0%48.3%24.4%4.3%0.5%33.1M-1.05B-10.3M1.0040.5812,79012,79389,95683,753
2022-07-25$527.26$500.0025.0%7.1%27.9%49.2%24.6%4.4%0.2%56.9M-1.28B-10.1M0.9834.6011,61311,32882,84278,361
2022-07-26$532.30$502.5025.3%7.2%27.0%50.8%24.7%4.8%0.4%75.1M-1.43B-10.2M1.1236.2812,01313,47983,67379,910
2022-07-27$536.95$505.0023.5%6.7%27.1%40.9%24.2%4.8%0.4%95.8M-1.63B-10.1M1.1939.989,68911,57586,61483,214
2022-07-28$541.83$510.0023.3%6.6%26.9%39.2%23.0%4.3%0.3%115.4M-1.79B-10.0M1.2344.8410,22412,59586,41884,521
2022-07-29$543.34$510.0021.9%6.1%26.9%31.1%22.5%3.9%0.8%99.3M-1.80B-10.1M1.2639.3911,36114,29487,52286,473