UNH Options History — March 2026

In March 2026, UNH traded between $256.81 and $294.33. ATM implied volatility averaged 43.1%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 15.8% (HV 20d: 27.3%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.71.

Notable Days

2026-03-27: Highest Volume — 143,164 contracts
2026-03-27: Largest IV spike — 11.8% change
2026-03-27: Highest IV Rank — 58.7%
2026-03-27: Largest Expected Move — 16.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$279.47	$256.81	$294.33	$294.33	$270.31
Max Pain	$299.89	$290.00	$310.00	$300.00	$290.00
ATM IV	43.1%	33.4%	55.2%	33.4%	49.9%
Expected Move	12.3%	9.7%	16.0%	9.7%	14.3%
HV 20d	27.3%	21.4%	31.7%	31.1%	27.7%
HV 60d	52.0%	51.5%	53.1%	53.1%	53.0%
IV Rank	32.1%	10.6%	58.7%	10.6%	47.1%
IV Percentile	76.7%	29.8%	98.8%	29.8%	94.0%
Term Structure	0.6%	-4.7%	6.0%	5.5%	-2.2%
VWIV	42.0%	34.2%	51.6%	34.6%	48.9%
Skew 25d	4.6%	1.0%	7.2%	1.0%	6.7%
Skew 10d	8.2%	3.4%	12.1%	8.5%	12.1%
Call IV 25d	40.9%	32.8%	52.8%	32.8%	46.1%
Put IV 25d	45.5%	33.8%	58.5%	33.8%	52.8%
Bid-Ask Spread %	24.63	8.93	48.08	30.32	8.93
Gamma HHI	0.05	0.03	0.07	0.05	0.03
Net GEX	2.5M	-70.0M	62.9M	61.9M	27.3M
Net DEX	-11.8M	-1.61B	2.24B	-1.61B	326.4M
Net VEX	-57.9M	-63.0M	-51.9M	-62.9M	-54.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.17	1.50	0.61	0.43
Total Volume	72,817.273	39,568	143,164	57,977	70,513
Total OI	1,302,754.5	1,168,749	1,364,338	1,316,753	1,263,873

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
2026-03-02	$294.33	$300.00	33.4%	9.7%	31.1%	10.6%	34.6%	1.0%	5.5%	61.9M	-1.61B	-62.9M	0.61	30.32	35,943	22,034	795,017	521,736
2026-03-03	$289.35	$300.00	34.8%	10.0%	31.7%	13.8%	35.9%	3.5%	4.6%	44.1M	-888.3M	-63.0M	0.69	36.59	30,506	21,129	807,754	526,390
2026-03-04	$291.52	$300.00	34.2%	9.7%	31.5%	12.4%	34.2%	2.2%	5.4%	62.9M	-1.22B	-62.1M	0.49	29.65	36,029	17,651	812,544	529,794
2026-03-05	$288.51	$310.00	36.3%	11.1%	30.6%	17.0%	39.3%	2.4%	6.0%	29.2M	-707.4M	-62.0M	0.45	46.83	27,230	12,338	817,675	534,607
2026-03-06	$287.24	$310.00	37.4%	11.5%	28.3%	19.4%	40.2%	2.8%	3.9%	5.8M	-442.1M	-61.5M	0.17	46.71	112,164	19,343	819,187	538,370
2026-03-09	$284.08	$310.00	40.3%	12.1%	27.6%	25.9%	41.7%	3.7%	0.8%	12.1M	-156.7M	-60.5M	0.53	48.08	30,886	16,390	792,467	526,453
2026-03-10	$283.44	$300.00	42.1%	12.0%	27.7%	29.8%	41.7%	3.9%	-0.2%	13.1M	-343.0M	-59.7M	0.74	44.92	34,392	25,559	797,673	518,013
2026-03-11	$285.92	$300.00	41.3%	11.7%	27.5%	27.9%	41.7%	4.4%	-0.4%	32.0M	-729.5M	-60.5M	0.62	43.00	40,950	25,411	807,726	522,978
2026-03-12	$277.86	$300.00	44.3%	10.9%	28.9%	34.7%	42.2%	4.4%	-1.4%	-27.7M	400.1M	-58.3M	1.35	23.51	38,548	52,218	819,253	524,225
2026-03-13	$281.13	$300.00	43.5%	9.9%	28.4%	33.0%	41.1%	4.6%	-3.6%	9.2M	-205.9M	-58.9M	0.65	19.46	62,420	40,682	827,564	523,204
2026-03-16	$285.31	$300.00	41.0%	11.7%	27.0%	27.3%	41.4%	4.4%	1.0%	27.6M	-751.4M	-58.6M	0.83	16.56	38,318	31,923	801,020	513,708
2026-03-17	$286.95	$300.00	39.4%	11.3%	27.1%	23.9%	40.3%	5.2%	0.1%	52.0M	-986.3M	-58.3M	1.41	14.68	26,594	37,385	814,082	516,036
2026-03-18	$283.82	$300.00	41.2%	11.8%	27.3%	27.8%	41.1%	4.0%	3.9%	18.6M	-534.2M	-57.4M	1.04	20.62	29,247	30,507	819,864	521,939
2026-03-19	$282.88	$300.00	42.1%	12.0%	27.3%	29.9%	40.9%	4.6%	3.9%	-9.4M	-346.4M	-57.5M	1.50	16.71	27,807	41,672	830,577	529,034
2026-03-20	$277.66	$300.00	44.2%	12.7%	27.9%	34.5%	42.3%	5.7%	4.3%	-70.0M	359.7M	-56.5M	0.62	13.81	40,136	24,730	835,894	528,444
2026-03-23	$270.63	$300.00	47.1%	13.6%	27.6%	40.8%	43.3%	6.3%	-2.9%	-35.1M	940.4M	-53.9M	0.59	9.55	55,135	32,274	702,382	466,367
2026-03-24	$271.36	$300.00	49.4%	14.1%	25.5%	46.0%	42.6%	7.2%	-3.1%	-29.5M	734.1M	-54.7M	0.47	13.73	41,980	19,730	719,821	476,532
2026-03-25	$270.10	$300.00	48.9%	14.0%	21.9%	44.8%	43.9%	6.5%	-2.1%	-33.3M	934.3M	-54.1M	0.48	16.32	51,230	24,653	731,164	482,269
2026-03-26	$267.75	$297.50	49.4%	14.2%	21.4%	45.8%	44.7%	5.8%	-3.2%	-39.6M	1.17B	-54.1M	0.60	12.00	41,917	25,323	746,565	495,353
2026-03-27	$256.81	$290.00	55.2%	16.0%	22.9%	58.7%	51.6%	5.7%	-4.7%	-67.8M	2.24B	-51.9M	0.77	16.60	80,744	62,420	761,606	497,069
2026-03-30	$261.43	$290.00	53.5%	15.4%	24.4%	55.0%	50.9%	6.3%	-2.6%	-27.9M	1.56B	-52.9M	0.46	13.30	45,165	20,754	753,736	490,634
2026-03-31	$270.31	$290.00	49.9%	14.3%	27.7%	47.1%	48.9%	6.7%	-2.2%	27.3M	326.4M	-54.9M	0.43	8.93	49,155	21,358	768,234	495,639