UNH Options History — August 2024

In August 2024, UNH traded between $557.91 and $591.25. ATM implied volatility averaged 22.3%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 5.4% (HV 20d: 27.6%). Max pain ranged from $500.00 to $530.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2024-08-02: Highest Volume — 38,044 contracts
  • 2024-08-05: Largest IV spike — 17.1% change
  • 2024-08-05: Highest IV Rank — 88.2%
  • 2024-08-05: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$577.51$557.91$591.25$568.19$589.47
Max Pain$506.82$500.00$530.00$530.00$510.00
ATM IV22.3%19.2%28.1%22.4%19.2%
Expected Move6.4%5.6%7.9%6.7%5.6%
HV 20d27.6%18.2%36.1%29.4%18.2%
HV 60d25.5%23.6%26.6%24.0%23.6%
IV Rank48.9%28.7%88.2%49.9%28.7%
IV Percentile70.2%39.3%96.4%77.8%39.3%
Term Structure-0.3%-2.7%1.6%0.6%-0.1%
VWIV23.0%20.2%27.4%23.5%20.2%
Skew 25d2.6%0.4%5.2%2.2%2.0%
Skew 10d5.6%2.6%11.4%3.2%5.4%
Call IV 25d21.1%18.5%25.0%21.9%18.5%
Put IV 25d23.7%20.5%29.9%24.1%20.5%
Bid-Ask Spread %52.4741.8860.8160.3144.07
Gamma HHI0.080.050.230.060.07
Net GEX106.1M55.7M228.9M97.9M66.3M
Net DEX-3.03B-4.27B-2.21B-3.10B-3.22B
Net VEX-17.1M-18.5M-16.2M-17.1M-16.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.490.950.550.80
Total Volume15,283.1829,14338,04425,66117,186
Total OI229,795.864206,967245,271240,291230,392

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$568.19$530.0022.4%6.7%29.4%49.9%23.5%2.2%0.6%97.9M-3.10B-17.1M0.5560.3116,5919,070134,784105,507
2024-08-02$588.93$530.0024.0%7.1%30.7%60.7%25.6%0.4%-0.1%228.9M-4.27B-17.1M0.7453.4321,87716,167137,714106,969
2024-08-05$567.13$500.0028.1%7.9%35.0%88.2%27.4%5.2%0.4%78.0M-2.72B-17.9M0.8153.5710,3448,373128,60399,251
2024-08-06$571.31$500.0025.6%7.1%35.0%71.5%26.6%3.2%-1.0%94.7M-2.96B-17.8M0.9456.507,9237,468132,871101,798
2024-08-07$566.18$500.0025.1%7.4%35.4%67.8%27.2%3.6%1.4%80.3M-2.66B-18.5M0.9554.658,3877,977134,791104,585
2024-08-08$565.66$500.0024.5%7.0%35.4%63.9%25.1%2.6%1.5%78.5M-2.60B-18.2M0.6758.407,8885,270135,583106,775
2024-08-09$557.91$500.0022.8%6.7%35.9%52.2%24.1%2.4%1.6%55.7M-2.21B-17.9M0.6560.019,3546,091136,895107,853
2024-08-12$566.02$500.0023.5%6.6%36.1%57.4%23.2%3.9%-0.6%87.7M-2.69B-17.4M0.5059.217,2913,679129,963104,007
2024-08-13$575.16$500.0022.9%6.3%29.2%53.4%23.3%3.4%-1.6%118.1M-3.23B-17.2M0.8460.815,1754,339132,366104,791
2024-08-14$579.23$500.0022.0%6.2%25.6%47.0%22.6%1.5%-0.6%133.7M-3.48B-16.8M0.8359.537,6266,350133,564106,073
2024-08-15$578.10$500.0020.8%6.0%25.2%39.3%21.7%3.1%0.0%130.4M-3.41B-17.1M0.8557.615,1394,389135,379108,385
2024-08-16$578.33$500.0020.2%5.8%25.0%35.4%21.3%2.0%-0.0%119.2M-3.39B-16.8M0.6756.918,2985,561136,071109,200
2024-08-19$579.54$500.0019.9%5.7%24.0%33.3%21.5%2.2%-0.1%81.7M-2.81B-16.2M0.6858.185,8704,020113,47993,488
2024-08-20$580.19$510.0020.7%5.9%23.9%38.7%21.6%2.3%-0.4%85.1M-2.79B-16.9M0.7943.015,1184,025115,85095,069
2024-08-21$579.96$510.0020.9%6.0%23.9%39.9%21.9%2.5%-0.5%89.3M-2.80B-16.6M0.8145.695,4044,397117,64995,824
2024-08-22$577.08$510.0022.0%6.3%24.0%47.1%22.6%2.5%-1.2%74.6M-2.66B-17.2M0.6748.287,8455,255120,16998,179
2024-08-23$583.24$510.0021.0%6.0%23.6%40.3%20.7%2.3%-1.8%149.0M-2.98B-16.8M0.4944.7810,3605,064121,602100,943
2024-08-26$587.04$510.0021.8%6.0%23.5%45.7%21.2%2.1%-2.7%110.9M-3.09B-16.5M0.5841.8812,6367,345118,23294,990
2024-08-27$587.08$510.0020.3%5.9%23.2%36.0%21.1%2.4%0.3%118.2M-3.11B-16.6M0.5046.368,8364,454122,72196,351
2024-08-28$588.13$510.0021.3%6.2%23.2%42.6%21.8%2.6%-1.1%122.7M-3.17B-16.9M0.9048.156,6395,955124,23997,611
2024-08-29$591.25$510.0020.6%6.0%22.1%37.9%21.0%1.9%-1.2%134.4M-3.35B-16.6M0.6043.019,5015,693125,51199,432
2024-08-30$589.47$510.0019.2%5.6%18.2%28.7%20.2%2.0%-0.1%66.3M-3.22B-16.3M0.8044.079,5237,663128,674101,718