UNH Options History — December 2022

In December 2022, UNH traded between $521.40 and $546.26. ATM implied volatility averaged 23.4%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 0.5% (HV 20d: 23.0%). Max pain ranged from $490.00 to $525.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2022-12-01: Highest Volume — 24,830 contracts
  • 2022-12-13: Largest IV spike — 12.5% change
  • 2022-12-13: Highest IV Rank — 36.5%
  • 2022-12-28: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$532.99$521.40$546.26$537.72$529.13
Max Pain$502.38$490.00$525.00$520.00$510.00
ATM IV23.4%20.3%25.3%21.0%25.0%
Expected Move6.9%6.0%7.2%6.3%7.1%
HV 20d23.0%11.6%32.4%32.4%11.6%
HV 60d24.0%23.1%25.1%25.1%23.1%
IV Rank22.9%0.3%36.5%4.9%34.3%
IV Percentile22.0%0.4%42.1%0.4%36.5%
Term Structure0.2%-1.2%2.3%0.0%-0.6%
VWIV24.5%21.1%27.5%22.7%24.8%
Skew 25d4.0%3.1%4.8%3.6%4.1%
Skew 10d7.5%5.1%8.7%7.2%8.4%
Call IV 25d21.5%18.7%23.9%19.4%22.9%
Put IV 25d25.4%21.9%27.6%23.0%27.0%
Bid-Ask Spread %50.3039.4265.6040.2844.12
Gamma HHI0.090.060.150.110.06
Net GEX62.2M-20.5M160.0M95.1M32.0M
Net DEX-1.18B-2.06B-506.4M-1.48B-950.2M
Net VEX-11.5M-11.9M-11.1M-11.4M-11.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.421.770.440.96
Total Volume15,076.61910,54424,83024,83011,928
Total OI211,698.762186,282236,891219,777210,175

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$537.72$520.0021.0%6.3%32.4%4.9%22.7%3.6%0.0%95.1M-1.48B-11.4M0.4440.2817,2817,549108,430111,347
2022-12-02$536.29$525.0020.3%6.0%32.4%0.3%21.1%3.2%0.4%93.8M-1.36B-11.1M0.9839.429,3489,208107,274112,254
2022-12-05$534.97$490.0021.5%6.9%31.9%8.6%24.4%3.6%0.7%80.0M-1.33B-11.3M0.7260.307,4095,335104,075102,879
2022-12-06$539.06$490.0022.5%7.1%31.6%16.4%24.5%3.7%1.5%102.3M-1.58B-11.5M0.6660.268,5165,633107,582105,460
2022-12-07$542.12$490.0022.2%7.1%31.0%14.3%24.7%3.8%-0.4%126.6M-1.77B-11.7M0.8748.857,0596,122110,434107,908
2022-12-08$546.26$500.0020.9%6.6%29.9%4.8%23.6%3.1%0.9%160.0M-2.06B-11.6M0.7057.7610,6037,438112,036109,242
2022-12-09$541.26$500.0021.5%6.9%29.9%9.1%25.2%4.0%0.9%136.6M-1.69B-11.6M1.0758.916,9287,395114,017110,917
2022-12-12$544.50$500.0022.5%7.2%24.8%16.1%25.4%3.7%2.3%125.5M-1.82B-11.5M1.0957.346,6497,277109,586103,772
2022-12-13$539.32$500.0025.3%7.0%25.1%36.5%24.5%3.7%-1.2%91.2M-1.49B-11.6M0.5258.919,9795,237112,923107,128
2022-12-14$535.83$500.0024.1%6.7%22.3%27.8%23.9%4.0%-1.1%61.0M-1.29B-11.4M1.7765.605,6279,972114,359108,662
2022-12-15$527.35$500.0025.3%7.0%22.8%36.4%27.5%4.2%-1.1%4.6M-709.6M-11.4M1.3357.219,94113,226115,622115,372
2022-12-16$523.22$500.0025.1%7.0%22.6%34.6%24.5%3.5%-1.1%-20.5M-506.4M-11.4M1.1854.6710,83812,786116,668120,223
2022-12-19$523.20$500.0024.7%7.0%20.6%32.1%24.8%4.3%0.9%-350.3K-578.6M-11.3M0.7645.266,5814,99490,69295,590
2022-12-20$521.40$500.0024.4%6.9%18.2%30.0%23.2%4.3%0.0%-7.6M-509.4M-11.4M0.4243.199,4233,97193,51197,047
2022-12-21$525.96$505.0023.6%6.8%17.8%24.2%24.8%4.3%0.6%17.1M-772.1M-11.5M1.2544.184,7065,86699,52198,487
2022-12-22$524.93$500.0024.8%7.1%17.5%32.5%24.8%4.7%0.7%21.1M-727.6M-11.7M1.1449.326,4237,341101,26299,367
2022-12-23$530.04$505.0023.4%6.6%16.3%22.8%24.2%4.1%1.5%69.4M-1.03B-11.8M0.9639.596,6836,386103,979101,895
2022-12-27$532.79$505.0024.6%7.0%16.0%31.6%25.5%4.8%0.5%54.4M-1.16B-11.6M0.8046.125,8694,675100,02597,582
2022-12-28$528.11$505.0024.4%7.2%16.0%29.8%25.3%4.6%-0.6%30.7M-921.3M-11.6M1.2343.235,3026,529102,69299,203
2022-12-29$529.35$505.0025.1%7.0%12.0%34.6%24.5%4.2%-0.2%33.9M-990.8M-11.7M1.3441.855,3787,198104,819101,657
2022-12-30$529.13$510.0025.0%7.1%11.6%34.3%24.8%4.1%-0.6%32.0M-950.2M-11.9M0.9644.126,0785,850106,270103,905