UnitedHealth (UNH)

UnitedHealth

UNH

Q2 2026 Earnings

Reports in

-2days

Thu, Jul 16 · Before open

Options-implied move

±5.0%

$401.18 · $443.82 · via ATM straddle

ATM IV

31.2%

Δ term slope -0.1 v/30d

IV-based EM

±6.3%

σ 31% · 15d

ATM Straddle

$21.32

Strike $422.50

IV Rank

19%

52w 25–54%

Provider signals

Crowding and flow context

Signal score 33

Short days

2.6

18.4M shares short

P/C volume

0.69x

39K puts / 56.6K calls

P/C OI

0.71x

77.3K puts / 109.3K calls

Actions

5/2

dividend / split events

massive · short 2026-06-30 · IV coverage 75%

Expected move

Probability density around spot

Log-normal model with ATM IV 31.2% over 15 days. Range $401.18–$443.82.

$382.39 · -9.5%Spot $422.50$462.61 · +9.5%

Spot

−5.0%

+5.0%

Straddle bandIV bandLog-normal density

Hover for probability · click to pin

Term structure

Implied range across expiries

Spot × (1 ± EM) at each expiry. Hover an expiry for details.

4 expiries

Historical

Realized moves · last 8 quarters

Close-to-close moves; implied range pending historical option chains.

EPS beat 8/8

EPS surprisevs sell-side consensus

Realized (up)Realized (down)

ATM greeks

Greeks by expiry

ATM call · delta hedge ratios, sensitivity to vol and time.

Expiry	DTE	ATM IV	Δ Delta	Γ Gamma	𝜈 Vega	Θ Theta	Straddle
Jul 31Earnings K $423	15d	31.22%	0.519	0.0148	0.34	-0.35	$21.32
Aug 14 K $425	29d	31.08%	0.500	0.0106	0.47	-0.26	$29.63
Aug 28 K $425	43d	29.95%	0.512	0.0091	0.58	-0.20	$34.70
Sep 18 K $430	64d	30.55%	0.485	0.0073	0.70	-0.17	$43.58

Options data · as of 2026-07-16Method: options math baseline