UNH Options History — February 2024

In February 2024, UNH traded between $493.53 and $527.00. ATM implied volatility averaged 18.4%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 5.2% (HV 20d: 23.6%). Max pain ranged from $520.00 to $520.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.82.

Notable Days

  • 2024-02-28: Highest Volume — 96,171 contracts
  • 2024-02-28: Largest IV spike — 10.9% change
  • 2024-02-28: Highest IV Rank — 51.8%
  • 2024-02-28: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$515.26$493.53$527.00$506.44$493.53
Max Pain$520.00$520.00$520.00$520.00$520.00
ATM IV18.4%17.4%21.2%17.9%20.0%
Expected Move5.4%5.0%6.6%5.2%6.1%
HV 20d23.6%11.7%29.0%27.8%19.1%
HV 60d20.9%20.5%21.2%20.5%21.2%
IV Rank28.9%20.2%51.8%24.7%41.4%
IV Percentile26.7%9.9%71.4%16.3%54.4%
Term Structure0.0%-1.2%1.2%1.1%0.1%
VWIV19.1%17.9%23.2%18.3%21.3%
Skew 25d2.0%1.7%2.6%1.8%1.8%
Skew 10d4.5%3.3%7.2%4.1%4.0%
Call IV 25d17.8%16.3%20.4%17.1%19.6%
Put IV 25d19.8%18.0%22.7%18.9%21.4%
Bid-Ask Spread %59.2724.3893.3663.0253.85
Gamma HHI0.070.040.340.050.06
Net GEX59.6M-46.9M207.5M29.5M-36.8M
Net DEX-506.9M-1.09B872.7M-210.8M872.7M
Net VEX-12.1M-12.4M-11.7M-12.4M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.491.390.670.78
Total Volume20,381.3511,49996,17117,14930,911
Total OI184,006.6160,860205,336200,673197,564

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$506.44$520.0017.9%5.2%27.8%24.7%18.3%1.8%1.1%29.5M-210.8M-12.4M0.6763.0210,2666,883105,51795,156
2024-02-02$510.37$520.0017.4%5.2%27.8%20.2%18.3%1.7%1.2%207.5M-612.0M-12.4M0.4952.1014,5937,187108,50696,830
2024-02-05$504.29$520.0019.2%5.6%27.7%35.3%19.4%2.6%0.0%19.3M-69.2M-12.0M0.9457.549,1848,59095,76186,971
2024-02-06$508.78$520.0018.6%5.3%28.0%29.7%18.6%2.2%-0.1%44.3M-373.5M-12.3M0.6260.308,1185,07098,83291,067
2024-02-07$518.39$520.0018.1%5.1%28.9%25.7%18.5%1.9%-0.2%101.0M-1.02B-12.3M0.8962.7913,67612,22099,89292,130
2024-02-08$519.97$520.0018.2%5.2%29.0%26.9%18.5%1.9%-0.3%107.9M-1.09B-12.4M0.9362.176,1555,694100,55792,000
2024-02-09$516.57$520.0018.1%5.1%28.9%26.0%18.1%1.8%-0.5%94.0M-854.1M-12.2M0.8424.388,0936,801101,17693,541
2024-02-12$517.76$520.0018.5%5.3%26.2%29.1%19.1%2.2%-0.2%58.5M-682.6M-12.2M0.7561.166,5594,94094,07888,133
2024-02-13$516.34$520.0019.4%5.5%26.2%36.4%20.4%2.2%-0.1%50.4M-641.1M-12.3M0.5165.7412,3196,25895,84790,030
2024-02-14$516.22$520.0018.2%5.2%25.9%27.1%18.5%2.0%0.7%50.2M-611.0M-12.1M0.9069.096,9986,28398,62390,622
2024-02-15$520.27$520.0018.5%5.3%25.3%29.3%19.1%2.2%-0.5%78.4M-852.6M-12.3M0.9560.057,5987,20299,59891,480
2024-02-16$521.71$520.0017.7%5.1%23.8%22.8%17.9%2.1%0.1%88.8M-958.1M-12.1M0.6565.648,7065,644100,76694,164
2024-02-20$520.19$520.0017.8%5.2%23.1%23.7%18.4%2.3%-1.2%42.7M-534.0M-11.9M0.8755.398,7667,60978,71682,144
2024-02-21$520.61$520.0018.0%5.2%23.0%25.5%18.6%1.8%-0.1%40.1M-553.1M-12.1M0.7657.956,9185,24782,21086,134
2024-02-22$524.53$520.0017.7%5.1%23.1%22.7%18.5%2.3%-0.5%69.4M-745.9M-12.2M0.8456.478,0426,77783,57787,054
2024-02-23$527.00$520.0017.5%5.0%14.1%20.8%17.9%1.8%-0.3%115.3M-900.1M-12.1M0.7255.389,6806,94785,15088,767
2024-02-26$525.79$520.0017.9%5.2%11.7%24.3%18.7%1.7%0.9%59.7M-749.2M-11.9M0.9856.686,5866,48080,05384,334
2024-02-27$518.25$520.0019.1%5.8%13.1%34.5%21.1%1.7%0.2%18.6M-252.8M-11.7M0.9193.366,5305,92681,80186,573
2024-02-28$498.15$520.0021.2%6.6%19.6%51.8%23.2%2.3%0.1%-46.9M699.4M-11.8M1.3952.4240,18655,98583,26391,515
2024-02-29$493.53$520.0020.0%6.1%19.1%41.4%21.3%1.8%0.1%-36.8M872.7M-12.1M0.7853.8517,33113,58094,471103,093