Financial giants have made a conspicuous bullish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $97,207, and 5 were calls, valued at $628,555.
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 $350.0 to $485.0 for UnitedHealth Group during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UnitedHealth Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UnitedHealth Group's significant trades, within a strike price range of $350.0 to $485.0, over the past month.
UnitedHealth Group Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | CALL | SWEEP | BULLISH | 03/15/24 | $430.00 | $301.0K | 100 | 100 |
| UNH | CALL | TRADE | BULLISH | 03/15/24 | $430.00 | $150.5K | 100 | 0 |
| UNH | CALL | SWEEP | BULLISH | 03/15/24 | $430.00 | $120.4K | 100 | 50 |
| UNH | PUT | SWEEP | BEARISH | 01/17/25 | $350.00 | $40.2K | 255 | 127 |
| UNH | CALL | SWEEP | BULLISH | 03/15/24 | $430.00 | $30.1K | 100 | 30 |
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.
Where Is UnitedHealth Group Standing Right Now?
- With a trading volume of 1,918,357, the price of UNH is down by -0.2%, reaching $488.03.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 28 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
