Investors with a lot of money to spend have taken a bullish stance on UnitedHealth Group UNH.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UNH, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for UnitedHealth Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $82,820, and 11, calls, for a total amount of $470,203.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $470.0 to $640.0 for UnitedHealth Group over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for UnitedHealth Group options trades today is 642.6 with a total volume of 830.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for UnitedHealth Group's big money trades within a strike price range of $470.0 to $640.0 over the last 30 days.
UnitedHealth Group Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | CALL | SWEEP | BULLISH | 04/19/24 | $490.00 | $85.2K | 1.1K | 97 |
| UNH | PUT | TRADE | NEUTRAL | 05/17/24 | $470.00 | $82.8K | 3.2K | 166 |
| UNH | CALL | SWEEP | BULLISH | 06/20/25 | $520.00 | $57.2K | 25 | 13 |
| UNH | CALL | TRADE | BEARISH | 05/17/24 | $510.00 | $55.8K | 333 | 54 |
| UNH | CALL | SWEEP | BEARISH | 06/20/25 | $500.00 | $43.1K | 63 | 27 |
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.
Present Market Standing of UnitedHealth Group
- With a volume of 854,731, the price of UNH is up 0.33% at $492.42.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 29 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for UnitedHealth Group, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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