Investors with significant funds have taken a bullish position in UnitedHealth Group UNH, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in UNH usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for UnitedHealth Group. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 66% being bullish and 33% bearish. Of all the options we discovered, 8 are puts, valued at $617,923, and there was a single call, worth $145,845.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $650.0 for UnitedHealth Group, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of UnitedHealth Group stands at 808.33, with a total volume reaching 1,868.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UnitedHealth Group, situated within the strike price corridor from $500.0 to $650.0, throughout the last 30 days.
UnitedHealth Group Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | PUT | SWEEP | BULLISH | 01/17/25 | $500.00 | $331.8K | 1.2K | 153 |
| UNH | CALL | SWEEP | BEARISH | 01/17/25 | $650.00 | $145.8K | 713 | 201 |
| UNH | PUT | SWEEP | BULLISH | 02/23/24 | $522.50 | $80.1K | 503 | 451 |
| UNH | PUT | SWEEP | BULLISH | 02/23/24 | $522.50 | $46.8K | 503 | 103 |
| UNH | PUT | SWEEP | BULLISH | 01/17/25 | $500.00 | $42.9K | 1.2K | 173 |
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.
In light of the recent options history for UnitedHealth Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of UnitedHealth Group
- With a volume of 669,789, the price of UNH is up 0.57% at $524.02.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 51 days.
Professional Analyst Ratings for UnitedHealth Group
1 market experts have recently issued ratings for this stock, with a consensus target price of $605.0.
- Reflecting concerns, an analyst from Stephens & Co. lowers its rating to Overweight with a new price target of $605.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest UnitedHealth Group options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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