UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)
Options Analysis Report•HOSPITAL & MEDICAL SERVICE PLANS
Market Cap $294.7B|NYSE
● 2026-04-17$324.63
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -23.7%YTD -3.5%7D +6.7%
Options Vol
80,844
30D
Implied Move
±11.5%
IV Rank
16%
UNH Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 55.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.92x — IV ≤ HV
Sector Relative≤50%
Sector percentile 55% — above sector median
Term Structure
<1.1xFront/Back 1.49x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 37.6% — normal range
Spread-Adjusted Value
<80%Effective IV 46.5% (ATM 37.6% + spread 4.5% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 8.48% (spread 4.45% + slippage 4.03%) — high friction
Vega Efficiency
≥5.0Vega efficiency 41.79 (vega 18.596 / spread 4.45%) — efficient
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: -2%, Raw: -1%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -2% (neutral) — Raw: -1%
OI Skew Magnitude
≥15%|OI skew| 20.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +43.3%, OI skew +20.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 46%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -29%, ATM: -6%, OTM: +6% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 24% — very bullish vs sector
Activity
Unusual activity?
4.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.9x 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 +6.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 81% — very active vs sector
Trade Quality
≥30%Large trade volume 20% — mixed
Execution Urgency
≥60%Aggressive execution 38% — patient
Flow Conviction
≥30Conviction -2 (bearish) — mixed
Liquidity
Can I trade efficiently?
6.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 4.5% — acceptable
Adequate OI
≥10,000OI 1,333,091 — deep
Active Volume
≥500Volume 80,844/day — active
Reasonable Cost
≤$0.50$0.22 to cross — cheap
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 58% — neutral vs sector
Order Book Depth
≥100 contractsDepth 172.5 contracts (bid:79.6 ask:92.9) — adequate
Execution Quality
<1.0%Avg slippage 4.03% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +49.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 55% — neutral
Event Detection
≥10pts kinkIV kink 16.0pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 30.28 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 4d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -2% @ 51% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 50 (ITM 20% + inst 20%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.4
bullishIV cheap, bullish flow
Long Puts5.4
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV too cheap, bullish flow
Covered Call4.7
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.