UNH Options History — December 2024

In December 2024, UNH traded between $482.06 and $611.35. ATM implied volatility averaged 30.7%, placing in the 64.5% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 10.2% (HV 20d: 40.9%). Max pain ranged from $520.00 to $580.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2024-12-06: Highest Volume — 149,486 contracts
  • 2024-12-05: Largest IV spike — 30.5% change
  • 2024-12-17: Highest IV Rank — 100.0%
  • 2024-12-17: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$531.73$482.06$611.35$605.67$504.56
Max Pain$542.38$520.00$580.00$580.00$520.00
ATM IV30.7%19.0%40.8%21.9%32.8%
Expected Move9.1%6.3%11.8%6.8%10.2%
HV 20d40.9%29.7%47.8%31.0%45.2%
HV 60d35.1%28.7%38.4%28.8%38.1%
IV Rank64.5%18.6%100.0%32.0%67.0%
IV Percentile86.7%24.2%100.0%55.2%94.8%
Term Structure0.5%-1.2%3.0%0.6%0.4%
VWIV31.9%23.7%40.7%23.8%35.8%
Skew 25d2.1%0.4%3.3%3.1%2.2%
Skew 10d6.3%-5.0%16.1%5.5%7.0%
Call IV 25d29.9%19.5%38.6%20.7%32.0%
Put IV 25d32.0%21.7%41.9%23.7%34.2%
Bid-Ask Spread %40.7422.2853.0845.9222.28
Gamma HHI0.050.030.090.050.04
Net GEX-4.4M-75.2M65.0M49.6M-5.4M
Net DEX-196.1M-2.73B1.88B-2.47B-78.7M
Net VEX-16.5M-18.5M-14.1M-14.3M-17.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.422.261.080.56
Total Volume52,391.2865,961149,4869,46817,585
Total OI288,033.667205,369357,549205,369286,427

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$605.67$580.0021.9%6.8%31.0%32.0%23.8%3.1%0.6%49.6M-2.47B-14.3M1.0845.924,5554,913108,63496,735
2024-12-03$607.11$580.0022.1%6.9%30.2%32.8%23.8%2.5%-0.8%47.0M-2.55B-14.1M1.2952.162,6003,361109,42699,331
2024-12-04$611.35$580.0019.0%6.3%29.7%18.6%23.7%2.2%1.3%54.7M-2.73B-14.2M2.2649.648,20018,544110,587101,394
2024-12-05$575.16$550.0024.8%7.9%33.1%45.6%28.1%2.3%-0.6%-39.1M-650.5M-14.4M1.9146.3821,16040,457112,256106,833
2024-12-06$548.80$550.0029.6%9.3%35.9%68.0%33.4%1.3%-0.4%-52.2M438.8M-15.0M1.3144.9064,82784,659121,021115,717
2024-12-09$560.89$550.0028.4%8.9%36.4%61.5%30.8%0.4%3.0%23.3M-904.2M-16.5M0.6245.3549,97931,107135,512124,865
2024-12-10$565.44$550.0024.6%7.9%36.2%44.0%27.5%0.7%2.8%65.0M-1.33B-16.6M0.5653.0829,20016,258149,764131,867
2024-12-11$535.26$550.0029.1%9.1%40.3%62.9%32.1%1.7%2.8%-40.8M514.2M-16.2M0.7743.3549,10837,681155,274132,886
2024-12-12$515.38$550.0032.3%9.5%41.7%78.9%33.4%2.3%-0.6%-75.2M1.35B-16.1M1.1043.6242,14846,543172,795138,526
2024-12-13$522.65$550.0030.3%9.1%42.0%68.8%32.3%1.3%2.4%-48.5M427.7M-17.5M0.7841.7644,82134,958193,239139,830
2024-12-16$499.63$540.0034.3%10.0%44.1%88.9%34.9%2.0%0.0%-47.5M1.38B-15.7M0.9443.4433,21431,190173,938129,778
2024-12-17$482.06$540.0040.8%11.8%45.1%100.0%40.7%3.3%1.2%-55.3M1.88B-16.2M1.1144.0545,82650,825184,588136,493
2024-12-18$500.23$530.0039.4%11.3%47.8%94.3%40.2%3.0%-1.2%-15.9M537.1M-18.5M0.5944.8050,89630,023200,790142,171
2024-12-19$491.52$530.0038.7%11.0%44.7%91.4%39.1%2.7%0.3%-45.6M1.08B-18.2M0.6348.0225,00215,633208,121149,428
2024-12-20$502.04$530.0033.9%9.5%46.0%71.7%32.9%2.8%1.7%-9.4M257.6M-17.9M0.8042.8422,63018,069211,793145,616
2024-12-23$507.92$530.0032.9%9.1%46.6%67.5%31.9%2.1%-0.2%12.8M-205.6M-17.9M0.6036.1919,44811,703174,929126,950
2024-12-24$503.53$520.0031.6%8.8%45.3%61.8%31.4%2.9%-1.0%8.2M-37.0M-17.7M0.7230.299,1656,586181,191127,329
2024-12-26$511.04$520.0032.8%9.0%45.8%66.9%31.8%2.6%-1.1%36.4M-514.2M-17.9M0.4227.9823,85110,100182,502129,119
2024-12-27$508.51$520.0032.8%8.9%45.6%67.0%32.1%2.1%-0.1%41.0M-324.1M-17.6M0.6223.7015,0189,327188,421129,968
2024-12-30$507.56$520.0032.3%9.1%45.2%64.8%31.3%0.7%0.5%4.1M-176.2M-17.4M0.7725.6910,7868,261166,700115,963
2024-12-31$504.56$520.0032.8%10.2%45.2%67.0%35.8%2.2%0.4%-5.4M-78.7M-17.0M0.5622.2811,2496,336169,708116,719