Benzinga's options scanner has just identified more than 10 option transactions on Humana HUM, with a cumulative value of $407,922. Concurrently, our algorithms picked up 3 puts, worth a total of 110,775.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $400.0 for Humana during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Humana options trades today is 449.0 with a total volume of 1,290.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Humana's big money trades within a strike price range of $250.0 to $400.0 over the last 30 days.
Humana 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUM | CALL | SWEEP | BULLISH | 02/02/24 | $370.00 | $109.5K | 754 | 12 |
| HUM | CALL | SWEEP | BULLISH | 02/16/24 | $380.00 | $50.9K | 797 | 172 |
| HUM | PUT | TRADE | BULLISH | 02/02/24 | $372.50 | $48.0K | 77 | 163 |
| HUM | CALL | SWEEP | BULLISH | 02/02/24 | $370.00 | $36.4K | 754 | 257 |
| HUM | CALL | SWEEP | BULLISH | 05/17/24 | $400.00 | $36.3K | 622 | 25 |
About Humana
Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.
Having examined the options trading patterns of Humana, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Humana's Current Market Status
- Trading volume stands at 670,519, with HUM's price up by 0.5%, positioned at $379.95.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 83 days.
Expert Opinions on Humana
5 market experts have recently issued ratings for this stock, with a consensus target price of $416.2.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Humana, targeting a price of $400.
- An analyst from UBS downgraded its action to Neutral with a price target of $370.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $391.
- An analyst from Wells Fargo persists with their Overweight rating on Humana, maintaining a target price of $413.
- An analyst from RBC Capital has decided to maintain their Outperform rating on Humana, which currently sits at a price target of $507.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Humana with Benzinga Pro for real-time alerts.
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