UNH Options History — July 2024

In July 2024, UNH traded between $487.93 and $578.53. ATM implied volatility averaged 24.4%, placing in the 63.5% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 1.2% (HV 20d: 23.2%). Max pain ranged from $490.00 to $530.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.60.

Notable Days

2024-07-16: Highest Volume — 107,559 contracts
2024-07-16: Largest IV drop — 22.8% change
2024-07-11: Highest IV Rank — 98.7%
2024-07-03: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$534.37	$487.93	$578.53	$494.16	$578.53
Max Pain	$504.09	$490.00	$530.00	$490.00	$530.00
ATM IV	24.4%	19.6%	29.7%	28.5%	22.3%
Expected Move	7.0%	5.7%	10.1%	8.9%	6.0%
HV 20d	23.2%	15.3%	29.8%	17.2%	29.0%
HV 60d	23.1%	19.7%	23.9%	23.1%	23.6%
IV Rank	63.5%	30.9%	98.7%	90.9%	48.9%
IV Percentile	81.1%	52.0%	99.6%	99.2%	77.8%
Term Structure	-1.0%	-5.2%	1.2%	-4.0%	-1.3%
VWIV	24.8%	20.3%	35.2%	31.3%	21.4%
Skew 25d	1.0%	-1.5%	3.4%	0.3%	1.7%
Skew 10d	2.4%	-0.2%	5.9%	3.5%	-0.2%
Call IV 25d	24.1%	19.5%	29.8%	27.2%	21.8%
Put IV 25d	25.1%	20.8%	30.6%	27.5%	23.4%
Bid-Ask Spread %	56.15	46.24	63.34	48.01	58.88
Gamma HHI	0.08	0.06	0.15	0.07	0.09
Net GEX	94.6M	-39.4M	214.8M	50.8M	139.5M
Net DEX	-2.61B	-5.15B	-697.7M	-1.11B	-3.72B
Net VEX	-15.8M	-17.0M	-14.4M	-15.0M	-16.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.28	1.11	0.61	0.66
Total Volume	32,899.955	10,928	107,559	22,543	20,082
Total OI	231,695.773	203,547	272,320	203,547	235,038

Daily Data (22 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
2024-07-01	$494.16	$490.00	28.5%	8.9%	17.2%	90.9%	31.3%	0.3%	-4.0%	50.8M	-1.11B	-15.0M	0.61	48.01	14,043	8,500	117,515	86,032
2024-07-02	$496.72	$490.00	27.6%	9.1%	17.3%	84.6%	32.1%	1.3%	1.2%	61.9M	-1.27B	-15.3M	0.38	46.45	8,725	3,327	123,203	89,634
2024-07-03	$489.58	$490.00	29.3%	10.1%	16.7%	96.5%	35.2%	3.4%	-1.7%	21.6M	-870.0M	-15.2M	1.11	46.24	8,384	9,319	125,345	90,204
2024-07-05	$487.93	$490.00	29.3%	7.6%	16.6%	96.1%	26.6%	1.4%	-5.2%	-39.4M	-697.7M	-15.3M	0.60	55.51	11,338	6,808	128,163	95,958
2024-07-08	$489.39	$490.00	28.9%	7.9%	16.7%	93.6%	27.7%	0.8%	-0.3%	26.5M	-868.8M	-15.3M	0.95	55.56	11,366	10,764	123,608	92,011
2024-07-09	$492.24	$490.00	29.1%	7.8%	15.3%	94.7%	27.9%	0.8%	-1.4%	36.2M	-1.04B	-15.5M	0.75	55.96	9,015	6,756	128,461	98,037
2024-07-10	$498.93	$490.00	28.9%	7.8%	16.0%	93.8%	27.5%	1.0%	-1.5%	74.6M	-1.47B	-15.4M	0.50	62.81	16,650	8,307	130,478	99,011
2024-07-11	$504.99	$490.00	29.7%	7.9%	16.4%	98.7%	27.9%	0.0%	-2.1%	106.0M	-1.91B	-15.7M	0.44	59.59	13,970	6,119	133,699	100,734
2024-07-12	$511.96	$490.00	27.3%	7.5%	16.7%	83.0%	26.0%	-1.5%	-1.8%	124.9M	-2.41B	-15.5M	0.30	60.45	24,816	7,423	137,493	101,190
2024-07-15	$514.05	$490.00	26.4%	7.5%	16.3%	76.7%	26.0%	1.0%	-2.5%	107.1M	-2.14B	-15.2M	0.65	60.93	32,267	21,033	130,537	91,873
2024-07-16	$547.46	$500.00	20.4%	5.8%	27.1%	36.3%	21.0%	0.5%	-0.7%	214.8M	-4.26B	-14.4M	0.36	60.84	79,154	28,405	143,058	103,236
2024-07-17	$570.13	$500.00	20.7%	5.9%	28.9%	38.7%	21.0%	0.6%	-0.4%	183.0M	-5.15B	-15.2M	0.42	48.47	64,093	26,874	146,108	107,930
2024-07-18	$563.03	$510.00	21.9%	6.3%	28.3%	46.6%	22.3%	0.8%	-1.0%	128.2M	-4.45B	-16.0M	0.92	62.24	33,154	30,473	148,025	117,325
2024-07-19	$567.71	$510.00	21.4%	6.2%	28.3%	43.4%	21.9%	0.9%	-0.5%	110.3M	-4.59B	-16.3M	0.89	60.96	19,427	17,211	150,890	121,430
2024-07-22	$557.60	$520.00	20.3%	5.8%	29.6%	35.6%	21.3%	2.5%	-0.3%	82.0M	-2.83B	-16.5M	0.84	56.99	12,436	10,450	124,225	96,261
2024-07-23	$555.42	$520.00	19.6%	5.7%	29.8%	30.9%	20.3%	1.5%	-0.0%	76.5M	-2.65B	-16.7M	0.69	58.36	8,712	5,986	126,430	100,467
2024-07-24	$558.75	$520.00	21.6%	6.1%	29.1%	44.6%	21.6%	1.8%	0.0%	83.8M	-2.84B	-17.0M	0.43	63.34	13,461	5,837	128,157	101,898
2024-07-25	$561.75	$520.00	20.1%	6.0%	29.0%	34.2%	21.1%	0.8%	1.0%	105.0M	-3.02B	-16.9M	0.28	53.50	21,972	6,051	131,322	102,911
2024-07-26	$571.25	$520.00	20.4%	5.9%	29.1%	36.2%	21.2%	1.1%	0.6%	161.7M	-3.54B	-16.6M	0.39	56.33	32,162	12,483	132,514	104,198
2024-07-29	$568.86	$520.00	21.2%	6.1%	29.2%	41.9%	21.9%	0.7%	-0.1%	104.5M	-3.18B	-16.4M	0.60	51.91	6,826	4,102	126,043	98,317
2024-07-30	$575.71	$520.00	22.7%	6.4%	29.0%	52.0%	22.8%	0.3%	-0.1%	121.2M	-3.47B	-17.0M	0.38	52.01	18,490	7,028	128,165	100,173
2024-07-31	$578.53	$530.00	22.3%	6.0%	29.0%	48.9%	21.4%	1.7%	-1.3%	139.5M	-3.72B	-16.3M	0.66	58.88	12,094	7,988	131,743	103,295