UNH Options History — November 2024

In November 2024, UNH traded between $557.45 and $623.54. ATM implied volatility averaged 23.4%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 8.3% (HV 20d: 31.7%). Max pain ranged from $560.00 to $580.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2024-11-08: Highest Volume — 36,006 contracts
  • 2024-11-06: Largest IV drop — 23.1% change
  • 2024-11-05: Highest IV Rank — 77.7%
  • 2024-11-01: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$596.58$557.45$623.54$566.09$614.10
Max Pain$570.75$560.00$580.00$575.00$580.00
ATM IV23.4%20.5%31.7%29.1%21.0%
Expected Move6.7%5.8%10.2%10.2%6.3%
HV 20d31.7%23.8%41.1%36.0%30.4%
HV 60d27.1%24.1%29.1%24.1%28.7%
IV Rank39.4%25.6%77.7%65.8%28.2%
IV Percentile64.0%44.8%97.2%94.4%45.6%
Term Structure-0.6%-1.4%0.4%-0.4%0.0%
VWIV23.6%21.1%35.9%35.9%21.8%
Skew 25d1.8%-0.2%4.7%2.3%2.5%
Skew 10d4.8%0.0%11.5%6.6%11.5%
Call IV 25d22.6%19.5%31.7%28.5%19.5%
Put IV 25d24.4%20.7%33.2%30.8%22.0%
Bid-Ask Spread %54.0843.0567.6743.0543.19
Gamma HHI0.070.040.110.040.06
Net GEX85.4M11.7M177.5M40.8M87.9M
Net DEX-2.56B-4.17B-987.9M-1.42B-2.99B
Net VEX-14.9M-16.1M-13.6M-16.0M-14.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.381.900.870.57
Total Volume14,4467,76636,00610,3479,164
Total OI215,520.85195,127232,370223,298212,515

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$566.09$575.0029.1%10.2%36.0%65.8%35.9%2.3%-0.4%40.8M-1.42B-16.0M0.8743.055,5284,819120,803102,495
2024-11-04$557.45$560.0031.1%8.2%36.2%74.9%28.3%2.9%-1.2%14.5M-987.9M-15.8M0.6451.637,4124,736115,09398,853
2024-11-05$568.09$560.0031.7%8.3%36.9%77.7%28.7%1.6%-1.4%41.0M-1.56B-16.1M0.4853.387,8163,766119,631101,280
2024-11-06$596.16$560.0024.4%6.3%40.4%43.8%22.9%4.7%-1.3%136.0M-3.09B-14.9M1.2160.9811,65114,045122,722102,120
2024-11-07$607.18$560.0021.4%6.1%40.8%29.7%21.6%1.1%-0.3%148.6M-3.65B-14.4M0.7360.398,7626,378123,660103,600
2024-11-08$616.34$560.0020.5%5.8%41.1%25.6%21.1%1.2%0.4%177.5M-4.17B-13.6M0.5657.5523,01212,994124,876105,358
2024-11-11$623.54$570.0022.2%6.0%41.0%33.6%21.6%1.6%-0.8%160.9M-4.00B-14.4M0.3863.9716,8606,393119,089101,078
2024-11-12$615.78$570.0021.5%6.0%24.9%30.3%21.3%1.3%-0.9%135.3M-3.61B-14.3M0.5267.678,1024,209120,114103,283
2024-11-13$606.19$570.0021.4%6.0%23.8%29.9%21.5%0.5%-0.5%109.9M-3.01B-14.5M0.9066.237,1236,392119,582104,281
2024-11-14$592.00$570.0022.6%6.3%25.3%35.4%22.0%1.5%-1.0%57.8M-2.18B-14.4M0.7563.3110,3687,757120,366107,385
2024-11-15$590.75$570.0022.4%6.4%25.3%34.7%22.5%1.5%0.1%11.7M-2.18B-14.9M0.8261.746,1835,045123,139109,231
2024-11-18$589.76$570.0022.3%6.3%25.3%34.2%22.5%2.0%-0.1%42.8M-1.90B-14.6M0.3949.487,1602,785102,85592,272
2024-11-19$577.55$570.0022.8%6.5%26.5%36.5%23.1%1.3%-1.0%16.4M-1.40B-14.9M0.7347.655,2353,808106,61293,283
2024-11-20$600.60$570.0023.8%6.8%29.5%41.0%24.1%2.1%-0.9%85.4M-2.50B-15.0M0.5147.2210,6345,418108,62694,017
2024-11-21$597.88$580.0024.0%6.9%29.5%42.0%23.7%3.1%-1.2%78.3M-2.33B-15.2M0.4949.175,1992,567111,34596,539
2024-11-22$591.21$580.0023.2%6.7%29.9%38.3%23.2%2.0%-0.8%57.3M-2.05B-15.1M0.4244.988,9403,789112,76697,139
2024-11-25$604.30$580.0021.3%6.3%30.7%29.6%22.4%0.6%-0.3%87.3M-2.60B-14.9M0.6049.926,2513,769107,76093,424
2024-11-26$607.72$580.0021.3%6.3%30.4%29.4%22.3%-0.2%-0.1%108.6M-2.79B-15.0M1.9047.062,9555,601109,80494,859
2024-11-27$608.85$580.0020.9%6.2%30.4%27.7%21.9%2.4%0.1%110.0M-2.75B-14.8M0.6853.019,6806,614110,44298,120
2024-11-29$614.10$580.0021.0%6.3%30.4%28.2%21.8%2.5%0.0%87.9M-2.99B-14.5M0.5743.195,8293,335111,889100,626