UNH Options History — September 2022

In September 2022, UNH traded between $507.64 and $530.88. ATM implied volatility averaged 28.5%, placing in the 68.8% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 10.4% (HV 20d: 18.1%). Max pain ranged from $520.00 to $530.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2022-09-15: Highest Volume — 33,901 contracts
  • 2022-09-12: Largest IV spike — 9.7% change
  • 2022-09-27: Highest IV Rank — 94.9%
  • 2022-09-27: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$517.91$507.64$530.88$521.47$507.64
Max Pain$521.90$520.00$530.00$520.00$520.00
ATM IV28.5%24.6%32.9%25.9%31.0%
Expected Move8.3%7.0%9.7%7.0%9.2%
HV 20d18.1%13.8%20.6%14.8%20.1%
HV 60d22.7%20.7%25.6%25.5%20.7%
IV Rank68.8%45.7%94.9%53.5%83.6%
IV Percentile75.1%43.7%97.6%57.9%91.7%
Term Structure0.2%-2.1%4.8%0.0%-1.1%
VWIV28.9%24.4%33.7%25.0%31.8%
Skew 25d4.8%2.9%6.2%4.7%5.9%
Skew 10d9.7%5.2%13.6%8.7%8.6%
Call IV 25d26.0%21.8%30.0%23.9%28.6%
Put IV 25d30.8%25.6%36.1%28.6%34.5%
Bid-Ask Spread %38.5428.9148.8243.7737.00
Gamma HHI0.060.040.100.060.04
Net GEX-8.3M-60.2M27.2M-29.5M-1.0M
Net DEX-468.1M-822.6M-33.5M-339.7M-333.4M
Net VEX-10.7M-11.5M-9.8M-10.4M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.311.371.041.32
Total Volume18,237.3337,19233,9017,19220,730
Total OI179,364.333157,968203,494177,286192,006

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$521.47$520.0025.9%7.0%14.8%53.5%25.0%4.7%0.0%-29.5M-339.7M-10.4M1.0443.773,5343,65884,04693,240
2022-09-02$514.45$520.0025.9%7.0%15.4%53.7%24.4%5.0%-0.1%-60.2M-82.6M-10.1M1.0238.277,9128,08685,08593,992
2022-09-06$519.02$530.0025.4%8.0%15.7%50.2%28.1%4.8%2.7%-25.4M-336.2M-9.9M1.0939.217,4508,10882,72788,700
2022-09-07$522.24$530.0024.6%7.9%15.9%45.7%29.6%4.3%3.0%-20.4M-467.7M-9.8M1.3735.306,9179,48584,88390,593
2022-09-08$525.42$520.0024.6%7.4%16.1%46.1%27.4%3.8%2.8%-9.7M-632.1M-9.8M0.5737.9810,7176,11287,44792,923
2022-09-09$525.89$520.0025.3%7.6%15.6%49.6%26.5%3.7%4.8%-7.7M-598.2M-10.1M1.1546.857,4048,49386,41994,739
2022-09-12$530.88$530.0027.7%7.9%13.8%64.2%28.1%5.1%-2.1%12.6M-806.8M-10.3M0.9243.4010,4119,55885,86592,779
2022-09-13$512.48$530.0028.5%8.3%18.2%68.9%28.0%4.5%0.1%-50.7M-69.7M-10.4M0.7946.7911,8249,30890,48796,914
2022-09-14$513.79$520.0029.0%8.1%18.1%71.6%28.0%2.9%0.7%-50.8M-33.5M-10.3M1.1648.827,9239,18491,17897,619
2022-09-15$520.73$520.0028.8%7.9%19.0%70.7%26.8%4.6%-0.4%-13.6M-590.8M-10.6M0.3148.6625,8758,02694,36899,792
2022-09-16$521.86$520.0027.4%7.9%19.1%62.6%26.9%4.3%0.1%-9.7M-626.7M-10.6M0.5348.4116,5728,840101,865101,629
2022-09-19$523.04$520.0028.1%8.0%19.0%66.5%28.7%4.5%-1.4%20.8M-740.5M-10.7M0.5828.9110,2095,93178,64079,328
2022-09-20$524.47$520.0028.9%8.2%19.0%71.1%28.6%5.0%-1.3%25.5M-822.6M-11.1M0.7529.586,1594,60182,37382,964
2022-09-21$513.76$520.0028.8%8.3%19.7%70.7%28.6%4.8%-0.5%-5.1M-430.2M-11.1M0.6239.986,0653,76783,35284,323
2022-09-22$520.61$520.0029.1%8.4%20.4%72.3%29.1%5.1%-1.8%2.8M-660.7M-11.2M0.4534.608,3513,79084,07886,098
2022-09-23$513.16$520.0030.5%8.8%20.6%80.9%30.3%5.3%-0.7%4.1M-384.7M-11.2M0.6634.0915,63210,33486,82287,456
2022-09-26$510.99$520.0032.7%9.6%19.6%94.0%32.9%5.4%0.8%5.2M-418.2M-11.3M0.8633.4611,2669,63385,78183,993
2022-09-27$508.80$520.0032.9%9.7%19.5%94.9%31.9%6.1%-0.7%2.3M-379.1M-11.5M0.5031.9116,9628,43589,79786,593
2022-09-28$515.92$520.0031.0%9.3%19.8%84.0%31.7%5.0%-0.2%27.2M-672.4M-11.5M0.9928.989,7469,67097,02788,928
2022-09-29$509.52$520.0031.9%9.5%20.1%88.9%33.7%6.2%-0.9%9.7M-404.8M-11.5M1.0833.407,8498,45799,24590,557
2022-09-30$507.64$520.0031.0%9.2%20.1%83.6%31.8%5.9%-1.1%-1.0M-333.4M-11.5M1.3237.008,92511,80599,81292,194