UNH Options History — August 2022

In August 2022, UNH traded between $520.88 and $547.95. ATM implied volatility averaged 22.9%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 3.2% (HV 20d: 19.7%). Max pain ranged from $510.00 to $525.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.06.

Notable Days

2022-08-01: Highest Volume — 23,449 contracts
2022-08-22: Largest IV spike — 9.2% change
2022-08-30: Highest IV Rank — 49.5%
2022-08-30: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$537.83	$520.88	$547.95	$535.20	$520.88
Max Pain	$518.91	$510.00	$525.00	$510.00	$520.00
ATM IV	22.9%	21.0%	25.2%	23.8%	25.0%
Expected Move	6.5%	6.0%	7.1%	6.6%	7.0%
HV 20d	19.7%	14.5%	27.6%	27.6%	15.6%
HV 60d	26.6%	25.2%	29.1%	29.1%	25.6%
IV Rank	36.8%	25.9%	49.5%	42.2%	48.3%
IV Percentile	30.3%	17.5%	51.6%	37.7%	48.8%
Term Structure	0.2%	-0.8%	1.1%	-0.5%	0.0%
VWIV	23.4%	21.5%	26.0%	23.3%	24.7%
Skew 25d	4.1%	3.5%	4.4%	4.2%	4.4%
Skew 10d	8.2%	6.5%	12.4%	7.9%	8.4%
Call IV 25d	21.1%	19.5%	23.7%	21.5%	23.2%
Put IV 25d	25.1%	23.2%	27.8%	25.7%	27.6%
Bid-Ask Spread %	41.83	31.92	51.08	45.09	34.43
Gamma HHI	0.07	0.05	0.15	0.06	0.05
Net GEX	47.9M	-28.0M	106.5M	61.4M	-28.0M
Net DEX	-1.29B	-1.81B	-302.6M	-1.39B	-302.6M
Net VEX	-10.1M	-10.8M	-9.7M	-9.7M	-10.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.06	0.50	2.07	1.52	1.11
Total Volume	15,742.435	6,566	23,449	23,449	16,142
Total OI	177,196.913	157,508	193,979	164,033	176,010

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-08-01	$535.20	$510.00	23.8%	6.6%	27.6%	42.2%	23.3%	4.2%	-0.5%	61.4M	-1.39B	-9.7M	1.52	45.09	9,300	14,149	83,047	80,986
2022-08-02	$537.51	$510.00	23.2%	6.6%	26.1%	38.6%	23.2%	4.4%	-0.0%	64.6M	-1.47B	-9.8M	1.53	44.63	7,679	11,731	84,477	84,338
2022-08-03	$543.30	$510.00	22.2%	6.3%	25.5%	33.2%	23.1%	4.4%	0.5%	89.0M	-1.73B	-9.7M	0.91	42.46	12,151	11,091	85,779	85,761
2022-08-04	$534.89	$520.00	23.4%	6.9%	26.2%	40.4%	22.8%	4.1%	0.2%	49.9M	-1.33B	-10.2M	1.00	44.66	10,962	11,011	87,989	87,475
2022-08-05	$535.19	$520.00	22.5%	6.4%	25.9%	35.0%	24.6%	4.0%	1.0%	7.4M	-1.38B	-9.9M	1.63	44.57	8,329	13,552	89,593	89,783
2022-08-08	$537.27	$520.00	22.9%	6.5%	25.6%	36.9%	23.9%	4.4%	-0.0%	67.9M	-1.43B	-9.9M	1.48	42.02	7,694	11,369	86,853	84,869
2022-08-09	$538.25	$520.00	23.0%	6.6%	25.4%	37.9%	23.8%	3.9%	0.1%	75.5M	-1.48B	-10.1M	0.68	48.59	9,737	6,615	88,177	87,182
2022-08-10	$537.33	$520.00	21.7%	6.3%	24.2%	30.4%	22.5%	3.8%	0.2%	64.3M	-1.39B	-10.0M	0.72	51.08	5,292	3,806	89,932	90,413
2022-08-11	$530.74	$520.00	23.3%	6.8%	24.8%	39.2%	23.9%	4.1%	0.4%	23.6M	-1.07B	-10.3M	0.79	48.83	8,002	6,310	91,209	91,887
2022-08-12	$542.37	$520.00	21.9%	6.4%	19.6%	31.5%	22.2%	3.7%	0.5%	106.5M	-1.61B	-10.2M	0.69	39.73	9,435	6,477	95,293	94,646
2022-08-15	$544.99	$520.00	22.7%	6.5%	18.6%	35.9%	24.6%	3.7%	-0.1%	92.5M	-1.72B	-9.8M	0.97	43.32	5,568	5,377	93,174	91,800
2022-08-16	$547.11	$520.00	21.4%	6.1%	17.0%	28.6%	23.5%	3.7%	0.7%	103.7M	-1.81B	-9.7M	2.07	44.53	2,673	5,540	92,245	93,206
2022-08-17	$545.25	$520.00	21.6%	6.2%	14.6%	29.4%	21.5%	3.5%	0.8%	93.0M	-1.68B	-10.0M	0.75	49.51	3,758	2,808	92,834	94,949
2022-08-18	$545.32	$520.00	21.0%	6.0%	14.7%	25.9%	22.8%	3.9%	1.1%	93.2M	-1.69B	-9.9M	1.87	50.24	4,736	8,855	93,775	95,692
2022-08-19	$547.95	$520.00	21.2%	6.0%	14.6%	27.4%	21.9%	3.7%	0.3%	80.3M	-1.77B	-10.1M	0.56	34.35	13,598	7,635	94,237	99,742
2022-08-22	$544.19	$520.00	23.2%	6.5%	14.5%	38.8%	23.1%	4.3%	-0.5%	38.0M	-1.29B	-10.0M	0.97	35.06	6,937	6,757	72,782	84,726
2022-08-23	$536.72	$520.00	22.9%	6.6%	15.1%	37.4%	22.9%	4.0%	0.3%	12.6M	-965.8M	-10.4M	0.91	31.92	9,798	8,959	75,846	88,803
2022-08-24	$537.25	$520.00	22.7%	6.3%	14.8%	35.8%	22.4%	4.2%	0.1%	9.7M	-989.0M	-10.6M	0.50	34.40	9,599	4,836	78,951	92,142
2022-08-25	$541.10	$520.00	22.3%	6.3%	14.7%	33.5%	22.0%	3.9%	0.2%	31.0M	-1.20B	-10.4M	0.82	33.59	6,786	5,584	84,020	93,939
2022-08-26	$530.22	$520.00	24.1%	6.9%	16.3%	44.2%	24.3%	4.4%	-0.5%	-21.2M	-719.3M	-10.8M	1.01	40.62	9,350	9,465	86,384	96,544
2022-08-29	$532.07	$525.00	24.4%	6.9%	15.5%	45.8%	26.0%	4.3%	-0.8%	8.6M	-762.6M	-10.5M	1.14	37.76	5,611	6,372	80,458	89,619
2022-08-30	$525.00	$520.00	25.2%	7.1%	16.0%	49.5%	24.8%	4.2%	0.3%	-20.6M	-451.7M	-10.4M	0.81	40.79	5,879	4,761	82,218	91,744
2022-08-31	$520.88	$520.00	25.0%	7.0%	15.6%	48.3%	24.7%	4.4%	0.0%	-28.0M	-302.6M	-10.6M	1.11	34.43	7,655	8,487	83,433	92,577