UNH Options History — September 2024

In September 2024, UNH traded between $572.53 and $603.46. ATM implied volatility averaged 25.0%, placing in the 67.4% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 9.8% (HV 20d: 15.2%). Max pain ranged from $510.00 to $580.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.83.

Notable Days

  • 2024-09-13: Highest Volume — 72,584 contracts
  • 2024-09-16: Largest IV spike — 9.9% change
  • 2024-09-27: Highest IV Rank — 89.5%
  • 2024-09-30: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$586.40$572.53$603.46$597.85$585.67
Max Pain$566.38$510.00$580.00$510.00$577.50
ATM IV25.0%21.1%28.3%22.0%27.5%
Expected Move7.7%6.2%9.2%6.8%9.2%
HV 20d15.2%12.2%17.6%12.2%17.6%
HV 60d23.8%23.3%24.2%23.7%23.7%
IV Rank67.4%41.1%89.5%47.3%84.1%
IV Percentile86.2%61.5%96.4%72.6%94.0%
Term Structure0.6%-1.9%4.7%0.5%4.7%
VWIV27.2%23.2%32.4%23.9%32.4%
Skew 25d2.8%0.9%4.0%2.5%3.3%
Skew 10d5.7%2.0%7.0%3.6%6.7%
Call IV 25d23.8%19.8%26.8%21.0%26.0%
Put IV 25d26.6%22.1%30.3%23.4%29.4%
Bid-Ask Spread %55.6345.2168.3945.2147.82
Gamma HHI0.070.050.180.060.05
Net GEX92.8M25.1M245.3M127.0M59.8M
Net DEX-2.48B-3.94B-1.47B-3.60B-2.08B
Net VEX-16.2M-16.9M-15.6M-16.4M-16.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.091.770.750.83
Total Volume16,632.57,95372,58416,2127,971
Total OI214,257.3181,115236,881220,645192,893

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$597.85$510.0022.0%6.8%12.2%47.3%23.9%2.5%0.5%127.0M-3.60B-16.4M0.7545.219,2736,939123,50497,141
2024-09-04$603.46$510.0021.1%6.2%12.4%41.1%23.2%2.3%0.1%153.8M-3.94B-16.2M1.0046.868,8798,917125,60499,706
2024-09-05$593.11$570.0022.4%7.3%13.7%49.7%25.7%4.0%-0.4%107.2M-3.21B-16.7M0.9956.835,9185,841127,416101,691
2024-09-06$597.95$570.0022.7%7.4%13.8%51.9%26.0%2.4%0.6%163.8M-3.49B-16.8M1.7757.635,5219,754128,429102,241
2024-09-09$593.99$570.0024.2%7.6%12.8%61.7%26.8%2.2%2.7%118.8M-3.22B-16.4M1.2761.277,8519,945122,01196,353
2024-09-10$599.94$570.0023.1%7.7%12.4%54.6%26.7%0.9%4.3%133.6M-3.51B-16.9M0.8957.688,1597,245125,452101,032
2024-09-11$587.13$570.0023.8%7.7%14.2%59.0%28.0%2.6%3.1%97.1M-2.77B-16.4M1.3660.007,42810,119126,665103,112
2024-09-12$589.12$570.0023.4%7.5%14.0%56.8%26.4%2.7%3.3%115.4M-2.90B-16.3M0.7960.036,1164,804128,571106,296
2024-09-13$595.68$570.0023.1%7.2%14.5%54.6%26.7%2.5%3.4%245.3M-3.42B-16.2M0.0960.1766,3596,225130,389106,492
2024-09-16$590.72$570.0025.4%7.5%14.9%69.8%26.0%2.9%-0.7%88.5M-2.30B-15.8M0.3060.6414,5934,442107,82499,771
2024-09-17$578.09$570.0027.2%7.9%16.9%82.0%27.9%3.1%-1.0%61.9M-1.73B-16.3M0.5160.1211,0925,697114,539101,584
2024-09-18$580.25$570.0026.9%7.7%17.0%79.8%26.8%3.2%-1.6%71.8M-1.82B-16.1M0.3768.3910,6983,926117,476103,266
2024-09-19$578.06$570.0026.2%7.6%17.0%75.1%26.6%2.9%-1.3%59.0M-1.71B-15.8M0.6858.287,2964,931117,386104,080
2024-09-20$577.20$570.0025.9%7.5%16.9%73.3%26.3%2.9%-1.3%38.7M-1.62B-16.1M1.0261.317,1387,267118,328105,738
2024-09-23$574.55$580.0025.9%7.7%16.5%73.2%27.1%2.2%-0.4%28.1M-1.59B-15.6M0.6650.725,9673,93597,98583,130
2024-09-24$574.88$577.5026.4%7.9%16.3%76.6%27.5%2.7%-0.7%41.7M-1.61B-15.9M0.5049.247,0483,529101,77785,155
2024-09-25$576.22$577.5027.0%8.3%16.3%80.5%28.6%3.0%-0.8%47.9M-1.69B-16.2M0.9150.264,1713,782104,47986,533
2024-09-26$572.53$577.5027.9%8.6%16.4%86.8%30.0%3.3%-1.3%25.1M-1.47B-16.2M1.1951.315,1306,116105,21087,930
2024-09-27$581.63$577.5028.3%8.6%17.4%89.5%30.4%3.5%-1.9%71.7M-1.93B-16.5M0.6548.797,6704,958106,38991,568
2024-09-30$585.67$577.5027.5%9.2%17.6%84.1%32.4%3.3%4.7%59.8M-2.08B-16.2M0.8347.824,3663,605103,96288,931