UNH Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $371.9 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.85

408k P / 480k C

Put/Call (Volume)

0.92

27k P / 30k C that session

30d ATM IV

41%

annualized implied move

Call wall

$400

41k contracts

Put wall

$200

41k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $400 (41k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (41k contracts), 46% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	12k	28k	2.29	14k
2026-10-16	33k	42k	1.27	8k
2026-10-23	3k	3k	1.11	751
2026-10-30	4k	3k	0.69	611
2026-11-06	733	753	1.03	221
2026-11-13	10	49	4.90	816
2026-11-20	23k	32k	1.42	1k
2026-12-18	33k	36k	1.09	2k
2027-01-15	190k	129k	0.68	5k
2027-03-19	18k	18k	0.96	1k
2027-06-17	65k	32k	0.49	798
2027-09-17	10k	9k	0.94	192
2027-12-17	32k	23k	0.72	60
2028-01-21	26k	20k	0.78	232
2028-12-15	12k	9k	0.77	258
2029-01-19	517	1k	2.06	284

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.