UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)
Options Analysis Report•HOSPITAL & MEDICAL SERVICE PLANS
Market Cap $362.4B|NYSE
● 2026-05-15$399.09
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +45.5%YTD +18.6%7D +5.0%
Options Vol
82,089
30D
Implied Move
±8.1%
IV Rank
8%
UNH Options Overview
Mixed signals. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
8.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 33.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.03x — IV ≤ HV
Sector Relative≤50%
Sector percentile 28% — below sector median
Term Structure
<1.1xFront/Back 0.86x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.8% — normal range
Spread-Adjusted Value
<80%Effective IV 36.9% (ATM 30.8% + spread 3.1% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 6.75% (spread 3.07% + slippage 3.68%) — high friction
Vega Efficiency
≥5.0Vega efficiency 521.89 (vega 160.219 / spread 3.07%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -14%, Raw: -10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -14% (bearish) — Raw: -10%
OI Skew Magnitude
≥15%|OI skew| 17.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +43.2%, OI skew +17.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 36%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -3%, ATM: -18%, OTM: -7% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 22% — very bullish vs sector
Activity
Unusual activity?
3.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 6.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +3.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 75% — active vs sector
Trade Quality
≥30%Large trade volume 18% — mixed
Execution Urgency
≥60%Aggressive execution 30% — patient
Flow Conviction
≥30Conviction -14 (bearish) — mixed
Liquidity
Can I trade efficiently?
7.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks6/8 checks passed
Tradeable Spread
≤5.0%Spread 3.1% — acceptable
Adequate OI
≥10,000OI 1,339,621 — deep
Active Volume
≥500Volume 82,089/day — active
Reasonable Cost
≤$0.50$0.15 to cross — cheap
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 31% — tighter than sector
Order Book Depth
≥100 contractsDepth 185.4 contracts (bid:87.0 ask:98.4) — adequate
Execution Quality
<1.0%Avg slippage 3.68% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -13.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink -1.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1980.46 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -14% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls7.2
bullishIV cheap, bullish flow
Long Puts6.5
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.1
bullishIV too cheap, bullish flow
Covered Call4.3
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.