Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 19 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $545,238, and 10 were calls, valued at $432,093.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $400.0 to $630.0 for UnitedHealth Group during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for UnitedHealth Group's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of UnitedHealth Group's whale activity within a strike price range from $400.0 to $630.0 in the last 30 days.
UnitedHealth Group 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | PUT | SWEEP | BEARISH | 02/02/24 | $510.00 | $149.8K | 1.7K | 529 |
| UNH | PUT | SWEEP | NEUTRAL | 01/17/25 | $560.00 | $101.7K | 248 | 20 |
| UNH | CALL | TRADE | BEARISH | 01/17/25 | $510.00 | $98.1K | 286 | 20 |
| UNH | CALL | SWEEP | BULLISH | 04/19/24 | $530.00 | $82.8K | 417 | 77 |
| UNH | PUT | TRADE | NEUTRAL | 09/20/24 | $580.00 | $59.0K | 163 | 8 |
About UnitedHealth Group
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company's own performance.
Current Position of UnitedHealth Group
- With a volume of 1,979,029, the price of UNH is down -0.66% at $508.36.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 71 days.
What The Experts Say On UnitedHealth Group
In the last month, 5 experts released ratings on this stock with an average target price of $596.6.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $591.
- Consistent in their evaluation, an analyst from Stephens & Co. keeps a Overweight rating on UnitedHealth Group with a target price of $605.
- An analyst from Oppenheimer downgraded its action to Outperform with a price target of $610.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $596.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on UnitedHealth Group, which currently sits at a price target of $581.
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 UnitedHealth Group with Benzinga Pro for real-time alerts.
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