UNH Options History — April 2024

In April 2024, UNH traded between $438.23 and $501.74. ATM implied volatility averaged 22.4%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 9.6% (HV 20d: 31.9%). Max pain ranged from $470.00 to $490.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2024-04-02: Highest Volume — 102,354 contracts
  • 2024-04-16: Largest IV drop — 27.3% change
  • 2024-04-02: Highest IV Rank — 100.0%
  • 2024-04-02: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$472.22$438.23$501.74$489.93$483.58
Max Pain$475.00$470.00$490.00$490.00$480.00
ATM IV22.4%17.6%29.9%24.0%17.6%
Expected Move6.4%5.1%8.8%7.8%5.3%
HV 20d31.9%16.4%38.5%16.4%29.4%
HV 60d25.7%21.4%28.0%21.4%26.2%
IV Rank54.8%17.7%100.0%75.8%17.9%
IV Percentile65.0%12.7%100.0%95.6%13.5%
Term Structure-0.5%-4.2%1.2%-0.7%1.2%
VWIV22.6%18.3%30.8%27.6%19.2%
Skew 25d1.6%1.0%2.7%1.4%1.2%
Skew 10d3.4%1.4%5.2%2.3%2.5%
Call IV 25d21.8%17.5%28.2%23.3%17.9%
Put IV 25d23.4%18.5%30.0%24.7%19.2%
Bid-Ask Spread %54.7538.7465.4040.3158.48
Gamma HHI0.080.040.250.040.06
Net GEX30.0M-63.9M223.1M5.3M18.1M
Net DEX-344.0M-3.18B1.51B1.9M-784.4M
Net VEX-14.6M-16.3M-12.0M-13.6M-15.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.492.300.660.79
Total Volume41,6899,539102,35415,57412,016
Total OI240,234.273190,639298,870190,639227,566

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$489.93$490.0024.0%7.8%16.4%75.8%27.6%1.4%-0.7%5.3M1.9M-13.6M0.6640.319,4016,173101,65388,986
2024-04-02$457.58$490.0027.7%8.8%29.0%100.0%30.8%1.3%-3.0%-61.4M1.51B-12.0M0.6042.9564,04638,308106,94292,426
2024-04-03$460.28$490.0024.6%7.8%28.3%75.5%26.7%1.8%-0.3%-15.7M903.8M-13.5M0.7038.7422,26015,571132,583101,708
2024-04-04$453.09$470.0025.2%7.0%28.8%80.1%24.0%1.6%-0.7%-43.5M1.19B-13.6M1.1055.5419,40721,387137,199103,080
2024-04-05$456.25$480.0024.9%6.8%28.4%77.9%23.8%1.5%-0.6%-37.4M879.0M-14.0M0.7159.2815,23510,821141,270103,381
2024-04-08$456.69$480.0024.6%6.8%28.4%76.1%23.7%2.0%-0.4%-28.5M635.3M-13.8M0.8552.9510,4488,870126,88696,385
2024-04-09$456.94$470.0024.3%6.6%26.9%73.7%23.3%2.7%-1.1%-26.1M569.2M-13.7M0.8054.978,8507,104130,23798,407
2024-04-10$451.88$470.0025.3%7.1%26.9%80.8%23.7%1.9%-0.6%-41.5M800.6M-13.6M2.3057.6312,82729,486132,09699,598
2024-04-11$444.94$470.0027.7%7.5%27.2%99.6%25.8%2.1%-2.6%-63.9M1.11B-13.3M0.8755.2319,99617,475136,839101,620
2024-04-12$438.23$470.0029.9%7.8%27.3%100.0%27.2%1.8%-4.2%-51.8M1.24B-13.6M1.1655.6724,83728,873145,054103,958
2024-04-15$446.44$470.0028.7%8.1%28.5%92.0%28.4%2.4%1.0%-22.9M574.3M-14.4M0.8958.5828,05925,074142,504108,962
2024-04-16$471.31$470.0020.8%5.9%35.3%39.5%21.3%2.1%-0.2%88.0M-933.7M-15.3M0.7762.0852,22040,119150,983120,918
2024-04-17$479.99$470.0020.3%5.8%35.8%35.7%20.3%1.9%-0.2%120.3M-1.54B-15.5M0.7656.7343,74033,198155,523124,348
2024-04-18$494.99$470.0019.7%5.6%37.5%31.6%19.8%1.4%0.2%175.8M-2.69B-16.0M0.7856.7152,83241,305159,327128,526
2024-04-19$501.74$470.0019.1%5.5%37.8%28.1%19.6%1.0%-0.1%223.1M-3.18B-16.3M0.6465.4042,13026,769162,910135,960
2024-04-22$492.13$470.0018.3%5.3%38.5%22.5%18.4%1.1%0.2%59.6M-1.40B-15.7M0.7753.5513,91110,767128,22495,031
2024-04-23$485.90$470.0018.5%5.5%38.5%23.9%19.2%1.4%0.7%33.7M-967.6M-15.0M0.9155.9312,87011,736130,30697,403
2024-04-24$488.49$470.0017.9%5.2%38.1%19.6%18.5%1.0%0.4%47.8M-1.16B-15.5M0.6158.4316,94010,366133,38699,821
2024-04-25$493.32$470.0017.6%5.1%38.3%17.7%18.3%1.0%0.0%83.2M-1.52B-16.0M0.4956.9316,2787,998136,755100,244
2024-04-26$495.83$480.0017.6%5.1%38.3%18.1%18.4%1.1%-0.0%150.0M-1.70B-15.7M0.5655.6011,4976,419139,342102,332
2024-04-29$489.39$480.0017.8%5.2%38.5%18.8%18.9%1.2%0.3%47.5M-1.12B-15.3M0.8852.825,0704,469131,31493,161
2024-04-30$483.58$480.0017.6%5.3%29.4%17.9%19.2%1.2%1.2%18.1M-784.4M-15.3M0.7958.486,7145,302132,89094,676