UNH Options History — June 2023

In June 2023, UNH traded between $457.89 and $500.00. ATM implied volatility averaged 20.1%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 4.3% (HV 20d: 24.4%). Max pain ranged from $470.00 to $490.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.60.

Notable Days

2023-06-14: Highest Volume — 88,817 contracts
2023-06-14: Largest IV spike — 28.7% change
2023-06-14: Highest IV Rank — 41.7%
2023-06-14: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$481.52	$457.89	$500.00	$493.36	$479.94
Max Pain	$482.50	$470.00	$490.00	$490.00	$477.50
ATM IV	20.1%	18.0%	24.7%	19.6%	20.8%
Expected Move	5.9%	5.2%	7.0%	5.9%	6.2%
HV 20d	24.4%	13.1%	31.8%	13.8%	31.0%
HV 60d	24.7%	22.4%	26.9%	22.5%	24.5%
IV Rank	12.6%	0.0%	41.7%	8.3%	17.7%
IV Percentile	11.7%	0.0%	57.1%	3.6%	14.3%
Term Structure	0.5%	-0.4%	1.6%	0.0%	0.0%
VWIV	21.0%	19.0%	25.6%	20.5%	21.9%
Skew 25d	2.8%	1.8%	4.1%	3.7%	2.6%
Skew 10d	5.7%	3.7%	7.7%	6.7%	5.6%
Call IV 25d	19.1%	16.6%	23.4%	18.5%	19.9%
Put IV 25d	21.9%	19.2%	27.5%	22.2%	22.6%
Bid-Ask Spread %	32.64	16.61	39.28	34.84	34.93
Gamma HHI	0.08	0.04	0.23	0.06	0.10
Net GEX	53.6M	-81.2M	172.3M	91.0M	82.7M
Net DEX	-375.1M	-1.17B	1.30B	-755.1M	-639.7M
Net VEX	-11.2M	-11.8M	-9.6M	-11.3M	-11.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.41	0.86	0.49	0.72
Total Volume	26,799.286	8,816	88,817	28,146	24,962
Total OI	223,195.952	203,801	272,290	214,896	227,281

Daily Data (21 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
2023-06-01	$493.36	$490.00	19.6%	5.9%	13.8%	8.3%	20.5%	3.7%	0.0%	91.0M	-755.1M	-11.3M	0.49	34.84	18,869	9,277	117,320	97,576
2023-06-02	$500.00	$490.00	18.3%	5.2%	14.3%	0.0%	19.0%	2.7%	-0.2%	172.3M	-1.17B	-11.4M	0.48	16.61	12,814	6,127	121,970	99,033
2023-06-05	$498.40	$490.00	18.5%	5.9%	13.1%	1.7%	20.8%	3.0%	1.5%	90.9M	-939.1M	-11.2M	0.56	32.81	8,153	4,587	115,929	91,933
2023-06-06	$486.17	$490.00	19.2%	6.0%	15.8%	6.2%	21.6%	3.0%	1.5%	32.0M	-215.8M	-10.9M	0.67	37.49	17,736	11,855	118,780	94,046
2023-06-07	$483.23	$490.00	18.7%	6.1%	15.9%	2.7%	21.0%	1.8%	1.6%	21.8M	-68.7M	-10.9M	0.53	29.09	8,298	4,404	123,508	99,311
2023-06-08	$490.81	$490.00	18.7%	5.7%	16.9%	2.8%	19.5%	2.8%	1.4%	73.1M	-577.3M	-11.0M	0.41	39.28	6,264	2,552	126,210	101,970
2023-06-09	$494.81	$490.00	18.0%	5.7%	17.1%	0.0%	19.4%	2.5%	1.3%	99.8M	-865.4M	-11.0M	0.53	38.50	9,975	5,259	127,545	102,879
2023-06-12	$491.88	$490.00	19.6%	5.8%	17.2%	10.0%	20.3%	3.1%	0.5%	58.0M	-561.7M	-10.7M	0.55	37.96	8,340	4,569	120,699	99,032
2023-06-13	$490.32	$490.00	19.2%	5.7%	17.0%	7.5%	19.6%	3.2%	0.4%	52.8M	-497.8M	-10.6M	0.86	30.67	10,155	8,766	124,100	100,816
2023-06-14	$457.89	$490.00	24.7%	7.0%	29.5%	41.7%	25.6%	4.1%	-0.1%	-70.3M	1.30B	-9.6M	0.74	28.65	50,910	37,907	126,177	106,196
2023-06-15	$465.25	$480.00	21.7%	6.1%	30.0%	23.0%	22.0%	2.7%	-0.4%	10.0M	608.7M	-11.2M	0.59	26.66	35,164	20,667	144,669	121,250
2023-06-16	$460.02	$480.00	21.2%	6.1%	29.9%	20.0%	21.6%	2.4%	0.3%	-81.2M	959.2M	-11.0M	0.58	24.76	26,113	15,127	149,623	122,667
2023-06-20	$470.27	$470.00	20.9%	6.0%	31.1%	18.3%	21.3%	2.5%	0.2%	35.8M	-231.0M	-11.1M	0.52	38.39	21,291	11,167	115,320	88,481
2023-06-21	$476.74	$470.00	20.4%	5.8%	31.5%	14.8%	20.6%	2.6%	0.1%	77.2M	-596.9M	-11.4M	0.60	39.11	24,350	14,671	118,053	91,886
2023-06-22	$478.83	$475.00	19.1%	5.5%	31.5%	6.9%	19.5%	1.9%	0.5%	75.7M	-674.1M	-11.6M	0.45	26.44	20,215	9,101	119,639	95,347
2023-06-23	$479.58	$475.00	19.0%	5.4%	31.5%	6.1%	19.4%	2.3%	0.4%	70.2M	-718.0M	-11.6M	0.61	28.37	12,913	7,878	126,354	97,365
2023-06-26	$480.87	$475.00	19.8%	5.6%	31.5%	11.2%	20.5%	2.8%	0.4%	69.1M	-695.8M	-11.6M	0.63	37.71	8,695	5,467	117,751	89,111
2023-06-27	$482.23	$477.50	20.0%	5.7%	31.4%	12.4%	20.0%	2.6%	0.0%	83.5M	-805.4M	-11.6M	0.65	32.33	10,772	7,032	119,652	90,543
2023-06-28	$474.57	$475.00	22.3%	6.5%	31.8%	26.8%	22.8%	2.9%	0.0%	36.9M	-325.8M	-11.7M	0.86	37.80	12,484	10,783	121,720	91,601
2023-06-29	$476.71	$477.50	22.4%	6.6%	31.5%	27.1%	23.5%	2.9%	0.2%	44.9M	-410.6M	-11.8M	0.61	32.94	10,598	6,518	125,121	98,651
2023-06-30	$479.94	$477.50	20.8%	6.2%	31.0%	17.7%	21.9%	2.6%	0.0%	82.7M	-639.7M	-11.6M	0.72	34.93	14,481	10,481	126,309	100,972