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: Dec 15, 2028
Days to expiration: 796
Share price: $379.30
Put/call ratio (OI): 0.79
Put/call ratio (volume): 1.48
ATM implied volatility: 33.3%
Expected move: ±$186.78
Open interest (C / P): 12.12K / 9.59K

UNH options summary

The UNH options chain for the December 15, 2028 expiration lists 52 call and 51 put contracts, with 796 days until expiration. Open interest stands at 12,119 calls and 9,586 puts, a put/call ratio of 0.79, which is fairly balanced between calls and puts. At-the-money implied volatility near the $380.00 strike is 33.3%, which implies the market expects a move of about ±$186.78 (49.2%) in UnitedHealth Group stock by expiration.

The most open interest sits at the $410.00 call (3.35K contracts) and the $260.00 put (919 contracts).

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

UNH options chain · December 15, 2028

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
0	2	—	277.00	0.00	0.00	130.00	0.04	2.95	2.45	44.2%	3	199
6	2	82.4%	191.10	267.00	276.00	135.00	0.32	6.50	2.71	51.4%	1	35
0	1	—	237.75	0.00	0.00	140.00	1.92	3.95	3.16	44.1%	3	161
15	1	69.3%	283.05	250.00	260.00	145.00	2.88	4.10	3.53	43.1%	1	139
53	1	47.7%	227.00	230.20	236.40	150.00	3.20	5.60	3.50	44.9%	2	158
8	2	48.9%	227.57	224.65	233.00	155.00	2.86	4.55	3.85	41.4%	21	37
65	1	48.9%	220.10	221.85	229.00	160.00	1.91	7.25	5.00	45.1%	1	21
65	1	63.0%	264.47	233.00	239.90	165.00	2.94	5.30	4.77	40.3%	9	43
20	1	60.7%	242.00	226.00	236.00	170.00	4.10	5.95	5.50	40.2%	3	21
13	12	71.2%	184.60	234.00	242.00	175.00	5.10	6.65	5.70	40.1%	4	52
3	1	58.2%	245.83	217.00	227.00	180.00	5.65	7.00	6.02	39.4%	3	196
13	10	48.0%	203.19	200.50	209.00	185.00	6.00	9.10	6.59	41.2%	5	169
46	5	47.7%	199.15	196.50	205.00	190.00	6.20	7.50	7.35	37.7%	1	18
2	3	47.1%	198.40	192.10	200.85	195.00	3.75	10.40	7.69	40.3%	1	35
314	2	46.9%	194.75	188.90	197.00	200.00	8.00	9.20	8.23	37.6%	3	204
93	4	45.1%	187.05	182.00	188.05	210.00	8.30	10.25	9.70	36.5%	1	609
7	2	45.4%	174.95	173.85	181.30	220.00	9.70	12.05	10.97	36.1%	5	436
73	2	44.1%	164.95	167.40	173.05	230.00	12.10	14.25	12.75	36.0%	1	213
33	2	43.7%	157.70	160.00	165.90	240.00	10.00	16.15	14.75	35.4%	2	132
140	3	43.2%	142.45	152.45	158.85	250.00	14.30	17.95	17.63	34.5%	10	505
45	2	42.8%	143.85	144.15	152.05	260.00	18.35	20.25	19.10	34.0%	11	919
448	3	42.4%	140.30	138.55	145.45	270.00	20.75	23.25	21.52	33.9%	13	278
345	2	42.0%	138.70	132.45	139.05	280.00	22.60	27.20	23.55	34.2%	10	606
118	1	41.6%	120.00	126.55	132.70	290.00	24.45	27.45	27.30	32.0%	2	604
251	2	42.0%	125.00	120.00	128.00	300.00	28.65	30.80	29.00	31.7%	1	780
39	1	40.2%	111.00	114.40	119.60	310.00	32.50	34.30	32.75	31.4%	10	141
161	2	39.8%	114.25	108.85	113.80	320.00	34.45	40.50	36.40	32.4%	1	214
93	2	40.1%	99.00	104.15	109.50	330.00	37.65	43.15	43.48	31.4%	23	368
145	6	40.7%	105.65	96.00	106.00	340.00	42.00	45.60	43.20	30.2%	32	192
282	2	39.4%	96.65	92.65	99.00	350.00	45.85	51.00	48.50	30.4%	23	152
405	1	38.8%	92.60	88.50	93.30	360.00	50.50	55.65	51.40	30.1%	1	154
63	12	39.0%	81.40	82.00	89.55	370.00	56.50	59.25	55.95	29.1%	2	52
UNH $379.30
97	3	38.6%	79.94	79.45	84.85	380.00	57.05	62.70	64.20	28.1%	1	147
140	23	39.0%	80.01	76.00	82.00	390.00	64.90	68.25	70.90	27.9%	1	99
1,317	4	38.3%	74.73	70.95	76.80	400.00	69.25	73.70	77.63	27.6%	27	178
3,352	1	37.8%	68.32	67.55	72.35	410.00	75.50	79.30	76.40	27.2%	1	51
280	1	37.7%	63.25	63.30	68.75	420.00	80.25	86.20	85.50	27.3%	3	55
349	46	38.2%	60.05	59.65	66.70	430.00	87.40	92.40	88.80	27.0%	2	15
499	1	37.1%	60.00	55.90	61.35	440.00	93.20	98.35	98.62	26.5%	2	94
273	3	37.0%	56.50	53.40	58.20	450.00	100.05	103.95	100.65	25.8%	1	125
76	1	36.7%	52.50	47.20	54.70	460.00	105.20	110.60	114.37	25.4%	10	293
281	2	35.7%	47.02	46.80	49.95	470.00	113.55	118.70	119.19	25.6%	20	45
225	1	35.9%	46.15	44.50	48.00	480.00	120.65	124.85	123.17	24.8%	2	391
234	1	35.3%	39.44	41.05	44.40	490.00	127.20	133.20	123.45	24.9%	10	51
319	2	35.8%	42.68	38.95	43.20	500.00	133.05	139.00	141.99	23.6%	4	145
189	7	35.5%	37.35	34.00	38.55	520.00	149.70	158.00	154.22	24.8%	2	27
71	1	35.1%	33.20	30.20	34.00	540.00	155.10	159.10	137.13	—	3	11
178	1	34.9%	30.00	27.55	30.30	560.00	183.00	189.00	187.94	22.1%	2	1
239	1	35.5%	26.15	22.95	28.40	580.00	200.00	208.15	206.02	22.7%	2	5
175	1	34.4%	23.25	21.50	23.80	600.00	219.00	226.00	222.98	21.9%	1	9
208	1	34.3%	17.66	19.45	21.30	620.00	—	—	—	—	—	—
253	10	33.9%	18.10	16.00	18.40	640.00	242.00	251.00	221.00	—	—	1

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 December 15, 2028 expiration, the UNH put/call ratio based on open interest is 0.79 (9,586 puts vs 12,119 calls), and 1.48 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 December 15, 2028 is about 33.3%, 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.