Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $142,590, and 8 were calls, valued at $378,113.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $450.0 to $820.0 for UnitedHealth Group over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $450.0 to $820.0 in the last 30 days.
UnitedHealth Group Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | CALL | TRADE | BULLISH | 09/20/24 | $76.4 | $71.5 | $74.97 | $490.00 | $67.4K | 1.2K | 10 |
| UNH | CALL | SWEEP | BEARISH | 08/16/24 | $46.4 | $43.0 | $43.0 | $520.00 | $56.0K | 1.0K | 25 |
| UNH | CALL | SWEEP | BULLISH | 08/16/24 | $2.09 | $1.85 | $2.03 | $580.00 | $50.1K | 1.0K | 292 |
| UNH | CALL | TRADE | BEARISH | 11/15/24 | $95.8 | $93.55 | $93.55 | $480.00 | $46.7K | 0 | 5 |
| UNH | CALL | TRADE | BEARISH | 08/16/24 | $46.05 | $40.9 | $41.99 | $520.00 | $46.1K | 1.0K | 75 |
About UnitedHealth Group
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 50 million members globally, including 1 million outside the us as June 2024. 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
- Trading volume stands at 1,061,523, with UNH's price down by -0.87%, positioned at $561.31.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 63 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 $625.8.
- An analyst from UBS persists with their Buy rating on UnitedHealth Group, maintaining a target price of $680.
- An analyst from RBC Capital persists with their Outperform rating on UnitedHealth Group, maintaining a target price of $615.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on UnitedHealth Group with a target price of $604.
- An analyst from Wells Fargo persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $630.
- An analyst from Argus Research has decided to maintain their Buy rating on UnitedHealth Group, which currently sits at a price target of $600.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
