Investors with a lot of money to spend have taken a bearish stance on Humana HUM.
And retail traders should know.
We noticed this today when the trades 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 HUM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 26 uncommon options trades for Humana.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 57%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $1,769,622, and 16 are calls, for a total amount of $1,255,541.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $400.0 for Humana during the past quarter.
Volume & Open Interest Development
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 Humana'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 Humana's whale trades within a strike price range from $110.0 to $400.0 in the last 30 days.
Humana Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUM | PUT | TRADE | BEARISH | 01/17/25 | $15.7 | $13.4 | $16.0 | $275.00 | $1.2M | 22 | 841 |
| HUM | CALL | TRADE | BEARISH | 01/15/27 | $82.9 | $75.0 | $76.89 | $250.00 | $384.4K | 92 | 53 |
| HUM | CALL | SWEEP | BEARISH | 11/08/24 | $18.1 | $15.0 | $15.0 | $270.00 | $150.0K | 396 | 220 |
| HUM | CALL | SWEEP | BEARISH | 06/20/25 | $6.7 | $6.2 | $6.6 | $400.00 | $110.7K | 758 | 168 |
| HUM | CALL | SWEEP | BEARISH | 11/08/24 | $13.5 | $12.5 | $12.5 | $270.00 | $96.2K | 396 | 311 |
About Humana
Humana is one of the largest private health insurers in the us with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.
Having examined the options trading patterns of Humana, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Humana
- Currently trading with a volume of 800,538, the HUM's price is up by 1.69%, now at $259.87.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 78 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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 Humana, 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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