How often does UnitedHealth move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

UNHNYSEHospital & Medical Service Plans

UnitedHealth Group Inc (UNH) earnings date, market-implied expected move, and options open interest by expiry

406.37

−4.54 · −1.11%

post 406.04 −0.08%

Closed19:55 ET

Open413.18Volume4.3MMkt cap$365.3BP/E26.03EPS15.60Div yield2.23%

Day405.81 – 416.772%52-wk252.95 – 458.7974%

UNH

UnitedHealth Group Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 26

before open · in 87 days

est.Q4 FY26

Calendar

Next report

Last report

−0.20%

vs ±5.7% implied · ×0.03

Largest filed tie

39.00%

of SelectQuote revenue

supplierSLQT 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+4.86%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

3,410 managers

Top fund weight

6.57%

UNH weight · XLV

N-PORTJun 30 '26

14 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

UnitedHealth (UNH) is expected to report on Jan 26 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±5.1%
avg realized: ±8.0%

Jan 16 '25Jan 16 '25confirmed±3.7%▼−6.04%×1.63

Apr 17 '25Apr 17 '25confirmed±3.4%▼−22.38%×6.67

Jul 29 '25Jul 29 '25confirmed±6.8%▼−7.46%×1.10

Q3 FY25Oct 28 '25confirmed±5.0%▲+0.51%×0.10

Jan 27 '26Jan 27 '26confirmed±5.4%▼−19.61%×3.60

Q1 FY26Apr 21 '26confirmed±5.1%▲+6.96%×1.37

Q2 FY26Jul 16 '26confirmed±5.3%▲+1.16%×0.22

Oct 13 '26Oct 13 '26confirmed±5.7%▼−0.20%×0.03

quarterimplied−25%0+25%realized×

Oct '26±5.7%▼−0.20%×0.03

Q2 FY26±5.3%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 27 close

0.94OI · 7 expiries · Oct 27 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

8,473+27%Nov 66d1.048,184+36%1.04

4,238+5%Nov 1313d0.964,412+12%0.96

48,739+1%Nov 2020d1.1342,969+4%1.13

2,506+6%Nov 2727d0.396,365+4%0.39

44,373+3%Dec 1848d1.1638,093+1%1.16

137,2970%Jan 1576d0.71194,0780%0.71

report · Jan 26 · before open · est.

ExpiryPutsCallsP/C

4 nearer expiries

Nov 66d8,473+27%8,184+36%1.04

Nov 1313d4,238+5%4,412+12%0.96

Nov 2020d48,739+1%42,969

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ2 FY26

5.06%as filednet margin · revenue +0.28% QoQ · +0.37% YoY

Revenue

$112B+0.28% QoQ

Gross profit

$23.3B−8.30% QoQ

20.80% margin

Operating income

$8.0B−11.11% QoQ

7.13% margin

Pre-tax income

$7.0B−12.50% QoQ

Net income

$5.7B−12.51% QoQ

5.06% margin

Cost of revenue

$88.7B+2.80% QoQ

Operating expenses

$15.3B−6.77% QoQ

SG&A $14.3B

Depreciation $1.0B

Other expense

$1.0B

Tax

$1.3B−12.42% QoQ

Revenue$112B+0.28%

Gross profit

$23.3B−8.30%

20.80% margin

Operating income

$8.0B−11.11%

7.13% margin

Pre-tax income

$7.0B−12.50%

Net income

$5.7B−12.51%

5.06% margin

Cost of revenue

$88.7B+2.80%

Operating expenses

$15.3B−6.77%

SG&A $14.3B

Depreciation $1.0B

Other expense

$1.0B

Tax$1.3B−12.42%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

CPI ×1.17· ±1.7% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.7%4 of 10×1.17

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 16 '26 · confirmed	6.04	—
Q1 FY26	Apr 21 '26 · confirmed	6.90	—
Q3 FY25	Oct 28 '25 · confirmed	2.59	—

UnitedHealth Group Inc (UNH) earnings date, market-implied expected move, and options open interest by expiry

Implied vs realized

Implied vs realized

Positioning

Positioning

Linked exposure

Linked exposure

Revenue flow

Revenue flow

Intraday

Intraday

Event sensitivity

Positioning

UnitedHealth Group Inc (UNH) earnings date, market-implied expected move, and options open interest by expiry

Implied vs realized

Event sensitivity

Earnings history

Methodology

Intraday

Revenue flow

Linked exposure