Humana Inc. (HUM)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 09:37 UTC · Figures derived from the full chain (2,284 contracts, 16 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±12.3% (range 362.21–464.11) by Nov 20, 2026. ATM straddle: 50.95 @ strike 410 · ATM IV: 50.0%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 371.84 | -10% | 73.8% | 26.2% |
| 392.50 | -5% | 60.7% | 39.3% |
| 413.16 | +0% | 47.0% | 53.0% |
| 433.82 | +5% | 34.3% | 65.7% |
| 454.48 | +10% | 23.6% | 76.4% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±5.2% | 46.9% | 5,282 |
| Oct 30, 2026 | 11 | ±7.1% | 44.8% | 4,651 |
| Nov 06, 2026 | 18 | ±10.0% | 52.1% | 2,678 |
| Nov 13, 2026 | 25 | ±11.5% | 52.0% | 1,866 |
| Nov 20, 2026 | 32 | ±12.3% | 50.0% | 18.3K |
| Nov 27, 2026 | 39 | ±13.2% | 48.8% | 459 |
| Dec 18, 2026 | 60 | ±16.0% | 48.3% | 14.8K |
| Jan 15, 2027 | 88 | ±18.3% | 46.1% | 41.5K |
| Feb 19, 2027 | 123 | ±22.9% | 49.3% | 5,011 |
| Mar 19, 2027 | 151 | ±24.3% | 47.2% | 4,470 |
| Apr 16, 2027 | 179 | ±25.9% | 46.5% | 4,408 |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 430 C · 3,549450 C · 2,733390 P · 2,532460 C · 2,190410 P · 2,035
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 89.2% of the time.
Past earnings reactions
Avg |reaction| 5.1% · median 4.9% (20 reports). Two-session close-to-close window; definition
About Humana Inc.
Humana Inc., a prominent health and well-being enterprise, operates across the United States through its various subsidiary companies. Its operational structure is divided into three main segments: Retail, Group and Specialty, and Healthcare Services. The firm provides a wide array of medical and supplementary insurance plans directly to individual consumers. Furthermore, Humana collaborates with government entities; it holds a contract with the Centers for Medicare and Medicaid Services (CMS) to manage the Limited Income Newly Eligible Transition (LI NET) prescription drug program. The company also secures agreements with numerous states to deliver Medicaid, dual-eligible, and long-term care support benefits. For employer groups and individuals, Humana furnishes fully insured commercial medical and specialized health coverage, which encompasses dental, vision, and other ancillary health benefits. They additionally offer administrative services only (ASO) solutions and extend support to military personnel through contracts like the TRICARE T2017 East Region. Beyond insurance products, the company delivers comprehensive healthcare services directly. These include pharmacy management
Healthcare · Medical - Healthcare Plans · NYSE · Profile: Financial Modeling Prep
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