UnitedHealth Group (UNH) Options Chain

NYSE: UNHHealth CareMedical SpecialitiesUSD

379.30+8.35 (+2.25%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $379.30
Put/call ratio (OI): 0.68
Put/call ratio (volume): 0.28
ATM implied volatility: 35.9%
Expected move: ±$69.85
Open interest (C / P): 190.05K / 128.81K

UNH options summary

The UNH options chain for the January 15, 2027 expiration lists 78 call and 71 put contracts, with 96 days until expiration. Open interest stands at 190,049 calls and 128,810 puts, a put/call ratio of 0.68, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $380.00 strike is 35.9%, which implies the market expects a move of about ±$69.85 (18.4%) in UnitedHealth Group stock by expiration.

The most open interest sits at the $500.00 call (17.48K contracts) and the $200.00 put (35.45K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

UNH options chain · January 15, 2027

UNH calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	190	100.3%	251.40	251.00	258.85	125.00	0.00	0.15	0.03	78.1%	1	1,087
31	18	99.6%	233.83	246.00	254.10	130.00	0.00	0.31	0.01	81.3%	1	1,275
2	20	107.5%	242.23	242.35	249.20	135.00	0.00	4.30	0.03	115.1%	5	620
4	3	90.6%	224.34	236.05	243.80	140.00	0.00	0.71	0.16	83.9%	10	1,621
1	5	90.5%	232.73	231.00	239.15	145.00	0.00	0.75	0.11	81.7%	1	17
35	3	86.2%	235.99	226.00	234.00	150.00	0.00	0.00	0.05	25.0%	1	0
2	5	82.9%	222.13	221.15	228.80	155.00	0.00	0.30	0.25	68.4%	1	236
19	2	83.5%	225.77	216.00	224.35	160.00	0.01	0.20	0.05	63.6%	4	2,865
0	4	—	221.15	0.00	0.00	165.00	0.00	0.30	0.07	63.9%	3	507
8	30	78.5%	207.13	206.00	214.40	170.00	0.00	4.35	0.06	91.8%	9	369
5	1	75.2%	212.19	201.30	209.00	175.00	0.00	4.35	0.08	88.9%	4	169
9	2	73.7%	199.76	196.35	204.10	180.00	0.00	0.24	0.05	56.3%	5	503
2	55	71.9%	192.60	191.40	199.15	185.00	0.05	0.23	0.08	55.2%	4	518
9	40	69.5%	187.60	186.45	194.10	190.00	0.00	4.40	0.23	80.7%	1	2,290
7	2	71.0%	184.83	183.15	188.15	195.00	0.00	0.26	0.12	51.1%	11	526
452	4	56.1%	176.05	176.60	182.75	200.00	0.10	0.28	0.13	51.5%	2	35,449
1,030	4	66.5%	159.32	167.15	174.75	210.00	0.10	0.34	0.45	51.6%	2	2,710
1,113	3	65.3%	163.85	158.05	164.85	220.00	0.01	1.06	0.19	51.1%	1	1,742
251	1	62.9%	148.63	148.45	155.20	230.00	0.00	0.92	0.42	51.7%	300	1,431
481	1	54.5%	137.32	138.40	143.85	240.00	0.20	1.09	0.50	49.3%	1	2,434
10,962	4	54.4%	130.45	129.25	134.55	250.00	0.05	1.28	0.60	46.9%	1	5,720
9,397	2	59.9%	107.40	118.95	124.45	260.00	0.54	1.02	0.78	41.3%	8	4,413
986	2	55.9%	103.34	108.95	114.65	270.00	0.98	1.64	1.03	41.6%	214	2,289
2,864	1	52.7%	105.15	100.60	105.15	280.00	1.16	1.84	2.00	38.9%	1	6,917
4,609	2	50.0%	95.40	90.40	95.85	290.00	1.76	2.46	2.11	37.7%	50	2,735
9,534	7	47.7%	86.95	81.75	86.80	300.00	2.75	3.55	2.99	37.5%	134	13,258
1,175	2	45.3%	80.05	72.65	77.85	310.00	3.80	4.75	4.00	36.7%	16	3,614
1,895	5	43.8%	69.25	64.65	69.55	320.00	5.30	6.35	5.50	36.1%	40	2,600
2,814	2	41.2%	58.25	57.65	60.85	330.00	7.10	8.30	7.65	35.5%	46	2,169
965	26	41.3%	51.75	48.95	54.05	340.00	9.70	10.90	10.16	35.2%	14	2,087
11,091	292	40.5%	46.26	42.40	47.20	350.00	12.90	14.20	12.59	35.1%	43	4,908
2,203	20	40.3%	37.68	36.10	41.20	360.00	16.20	17.85	15.99	34.8%	56	4,999
1,640	61	39.1%	33.86	31.30	34.95	370.00	20.30	21.70	20.35	33.9%	34	4,345
UNH $379.30
1,533	212	38.2%	28.90	25.30	29.45	380.00	25.10	26.55	23.70	33.6%	136	2,678
2,103	215	37.7%	23.95	21.75	24.75	390.00	28.90	34.20	29.78	36.1%	4	2,345
7,720	479	35.6%	18.28	17.00	19.35	400.00	36.50	38.75	36.00	34.0%	5	4,446
4,369	69	35.0%	16.10	14.05	15.60	410.00	41.25	45.40	41.70	33.8%	12	1,073
3,304	95	36.0%	12.10	11.55	13.55	420.00	48.40	53.10	48.11	34.4%	3	768
2,037	49	35.0%	10.50	8.00	10.50	430.00	56.00	60.10	56.55	33.4%	13	261
1,426	98	34.8%	7.35	7.00	8.35	440.00	64.25	69.55	63.45	35.6%	1	295
6,558	2,140	34.4%	5.86	5.85	6.50	450.00	72.55	77.05	81.62	34.1%	105	242
2,449	58	34.3%	5.02	4.45	5.15	460.00	81.40	86.20	84.55	35.1%	3	68
3,064	12	36.7%	3.35	3.30	5.10	470.00	89.60	96.15	93.70	37.5%	4	88
2,468	3	35.1%	3.14	2.71	3.50	480.00	99.80	105.30	100.60	37.9%	9	50
1,155	18	35.1%	2.60	1.87	2.77	490.00	108.50	115.00	96.80	39.4%	2	35
17,485	307	35.7%	1.90	1.80	2.34	500.00	119.00	123.75	127.50	38.0%	1	18
3,167	1	35.9%	1.80	1.31	1.89	510.00	127.90	133.05	109.20	37.7%	1	0
2,213	1	36.1%	1.30	0.81	1.52	520.00	0.00	0.00	119.25	—	12	0
1,009	8	36.8%	0.95	0.90	1.33	530.00	132.35	139.45	106.25	—	2	1
470	7	37.9%	0.85	0.40	1.23	540.00	244.35	252.00	195.95	170.7%	2	0
9,748	24	38.0%	0.72	0.45	1.00	550.00	150.45	155.15	133.51	—	3	4
597	10	39.0%	0.55	0.23	0.93	560.00	231.30	239.75	278.05	133.6%	5	0
1,063	6	39.1%	0.47	0.27	0.75	570.00	268.15	274.70	268.78	169.5%	1	0
1,271	2	54.7%	0.35	0.00	3.80	580.00	233.50	240.25	311.87	112.9%	2	1
558	18	54.2%	0.29	0.00	3.20	590.00	0.00	0.00	321.45	—	1	0
14,383	51	40.7%	0.30	0.28	0.51	600.00	199.45	205.85	174.00	—	2	0
650	30	47.2%	0.25	0.20	1.12	610.00	296.00	305.00	308.26	164.3%	1	0
799	2	42.5%	0.19	0.01	0.46	620.00	294.00	299.75	340.60	148.5%	1	0
381	1	43.3%	0.16	0.12	0.43	630.00	303.90	309.75	350.58	150.5%	1	0
1,288	3	44.6%	0.16	0.05	0.44	640.00	345.00	354.00	195.10	194.8%	8	9
2,304	1	41.5%	0.15	0.10	0.20	650.00	241.80	249.55	298.00	—	4	0
944	1	52.4%	0.18	0.00	2.00	660.00	311.55	319.35	356.60	126.5%	—	4
195	2	60.1%	0.20	0.00	4.05	670.00	—	—	—	—	—	—
140	11	45.2%	0.08	0.05	0.23	680.00	—	—	—	—	—	—
776	8	57.6%	0.17	0.00	2.46	690.00	192.00	200.00	123.02	—	3	0
2,419	1	46.3%	0.12	0.05	0.20	700.00	416.00	426.00	357.00	220.6%	1	0
75	12	64.9%	0.15	0.00	4.05	710.00	411.00	419.90	291.95	202.3%	1	0
141	1	57.6%	0.12	0.00	1.70	720.00	—	—	—	—	—	—
0	1	25.0%	0.18	0.00	0.00	730.00	209.00	218.00	175.34	—	—	1
755	4	49.1%	0.24	0.00	0.17	740.00	—	—	—	—	—	—
341	2	50.1%	0.08	0.02	0.15	760.00	412.70	418.75	463.13	142.7%	1	0
397	7	49.7%	0.06	0.00	0.10	780.00	431.45	438.20	511.90	144.2%	2	0
4,546	4	49.5%	0.06	0.03	0.07	800.00	493.05	503.00	412.40	206.6%	—	0
496	1	52.6%	0.09	0.02	0.18	820.00	—	—	—	—	—	—
782	4	54.6%	0.05	0.02	0.20	840.00	—	—	—	—	—	—
227	73	51.8%	0.05	0.00	0.09	860.00	—	—	—	—	—	—
2,378	1	54.3%	0.06	0.01	0.11	880.00	519.00	527.70	541.35	137.6%	4	0
16,268	5	51.8%	0.01	0.00	0.05	900.00	603.00	611.00	606.29	231.3%	2	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the UNH put/call ratio?

For the January 15, 2027 expiration, the UNH put/call ratio based on open interest is 0.68 (128,810 puts vs 190,049 calls), and 0.28 based on today's volume. A ratio above 1 means more puts than calls.

What is UNH's implied volatility?

At-the-money implied volatility for UNH options expiring January 15, 2027 is about 35.9%, an annualized estimate of how much the market expects UnitedHealth Group stock to move.

How many UNH option expiration dates are there?

UNH has 15 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.