UNH Options History — May 2024

In May 2024, UNH traded between $481.56 and $524.22. ATM implied volatility averaged 17.9%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 3.5% (HV 20d: 21.4%). Max pain ranged from $480.00 to $490.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2024-05-29: Highest Volume — 35,983 contracts
  • 2024-05-29: Largest IV spike — 12.6% change
  • 2024-05-30: Highest IV Rank — 44.7%
  • 2024-05-30: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$505.88$481.56$524.22$485.50$496.14
Max Pain$484.09$480.00$490.00$480.00$490.00
ATM IV17.9%16.6%21.6%18.2%20.7%
Expected Move5.3%4.8%6.3%5.5%6.2%
HV 20d21.4%13.4%29.4%29.4%22.3%
HV 60d26.1%25.1%26.7%26.1%26.7%
IV Rank20.0%11.2%44.7%21.8%38.7%
IV Percentile23.1%6.3%78.2%26.6%68.3%
Term Structure0.4%-1.1%2.8%0.1%-1.1%
VWIV18.9%17.0%22.6%19.4%21.7%
Skew 25d1.0%-0.1%2.2%-0.1%0.5%
Skew 10d1.8%-0.5%3.8%2.2%1.8%
Call IV 25d17.7%15.2%20.9%18.2%20.7%
Put IV 25d18.7%17.0%22.3%18.0%21.2%
Bid-Ask Spread %56.6947.8864.3664.3547.88
Gamma HHI0.080.050.150.060.06
Net GEX102.0M-6.3M200.5M25.8M59.8M
Net DEX-1.76B-2.98B-195.5M-926.1M-1.07B
Net VEX-15.0M-15.4M-14.2M-15.3M-14.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.381.100.380.46
Total Volume14,612.1827,44835,98315,37121,820
Total OI224,590.773205,659238,489231,873232,194

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$485.50$480.0018.2%5.5%29.4%21.8%19.4%-0.1%0.1%25.8M-926.1M-15.3M0.3864.3511,1674,204135,53496,339
2024-05-02$492.47$480.0017.2%5.3%28.8%15.1%18.8%1.0%2.4%95.7M-1.36B-15.4M0.4763.368,9794,197137,70097,177
2024-05-03$492.23$480.0017.4%4.9%28.8%16.5%17.4%1.0%0.3%88.6M-1.32B-15.4M0.6255.699,0475,574138,22897,404
2024-05-06$492.55$480.0017.5%5.4%28.9%17.2%19.6%0.9%1.4%70.2M-1.27B-14.9M0.8361.155,3214,433130,69290,805
2024-05-07$500.60$480.0016.6%5.3%29.2%11.2%19.6%0.9%2.8%113.3M-1.77B-15.2M0.4357.8312,9645,603133,54992,621
2024-05-08$503.33$480.0017.2%5.2%28.6%14.8%18.5%1.2%1.0%132.3M-1.93B-15.3M0.6359.077,7674,861135,12793,880
2024-05-09$507.74$480.0017.5%5.2%27.5%17.0%18.4%1.4%2.8%151.1M-2.19B-15.4M0.7457.536,5264,856134,84994,581
2024-05-10$511.76$480.0016.9%5.0%26.2%12.7%18.2%1.8%1.0%158.3M-2.45B-14.9M0.5858.8311,3256,559135,81995,871
2024-05-13$513.26$480.0018.1%5.2%26.0%20.9%18.4%2.2%-0.1%136.7M-2.32B-15.0M0.5662.137,6214,261132,01493,022
2024-05-14$514.80$480.0017.9%5.3%19.1%20.0%19.6%1.3%0.4%145.2M-2.40B-15.4M0.6459.327,1064,541133,56394,510
2024-05-15$516.21$480.0017.5%5.0%18.4%17.4%18.2%1.1%-0.2%157.8M-2.51B-15.1M0.6264.3610,5056,520135,30095,676
2024-05-16$522.68$480.0017.8%5.1%15.7%18.9%18.0%0.5%0.3%189.1M-2.86B-15.3M0.5459.2712,7636,903137,00797,134
2024-05-17$524.22$480.0017.1%5.0%15.2%14.2%17.6%1.3%0.4%200.5M-2.98B-15.0M0.6058.988,8405,283139,65598,834
2024-05-20$517.40$490.0017.1%4.9%14.2%14.5%17.6%0.7%-0.0%101.3M-2.01B-15.0M0.6250.995,0303,106122,16083,499
2024-05-21$524.01$490.0016.7%4.8%13.4%11.6%17.0%0.5%-0.6%126.8M-2.34B-15.0M0.6249.245,5033,409123,59184,743
2024-05-22$521.55$490.0017.2%4.9%13.7%14.8%17.5%0.8%-0.1%120.8M-2.20B-15.1M0.6051.874,6562,792125,87185,726
2024-05-23$516.80$490.0017.5%5.0%14.1%17.0%18.3%0.8%-0.4%86.3M-1.92B-15.0M0.7953.554,9973,943126,79286,516
2024-05-24$507.95$490.0017.5%5.0%15.7%17.0%17.9%0.9%0.1%48.8M-1.36B-14.9M1.1056.817,8448,641127,89088,772
2024-05-28$502.42$490.0018.6%5.5%15.5%24.6%19.7%0.4%-0.9%39.2M-1.13B-14.5M0.9554.236,0285,735122,27088,315
2024-05-29$484.17$490.0021.0%6.2%20.2%40.3%22.6%1.7%-0.0%-6.3M-222.0M-14.2M0.6950.9321,29314,690125,03591,114
2024-05-30$481.56$490.0021.6%6.3%20.2%44.7%22.4%1.1%-0.9%2.2M-195.5M-14.6M0.7049.718,4035,852132,97096,648
2024-05-31$496.14$490.0020.7%6.2%22.3%38.7%21.7%0.5%-1.1%59.8M-1.07B-14.9M0.4647.8814,9136,907134,58197,613