Check Out What Whales Are Doing With UNH

A whale with a lot of money to spend has taken a noticeably bullish stance on UnitedHealth Group.

Looking at options history for UnitedHealth Group UNH we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $524,706 and 8, calls, for a total amount of $348,646.

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 $350.0 to $620.0 for UnitedHealth Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $350.0 to $620.0 in the last 30 days.

UnitedHealth Group Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UNH CALL TRADE BEARISH 03/17/23 $570.00 $114.6K 352 110
UNH PUT TRADE BEARISH 01/19/24 $620.00 $106.1K 6 0
UNH PUT SWEEP BULLISH 01/19/24 $580.00 $69.3K 46 50
UNH PUT TRADE BULLISH 01/19/24 $580.00 $54.3K 46 17
UNH CALL SWEEP BULLISH 01/20/23 $350.00 $52.5K 191 3

Where Is UnitedHealth Group Standing Right Now?

  • With a volume of 1,156,036, the price of UNH is up 0.98% at $528.23.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 56 days.

What The Experts Say On UnitedHealth Group:

  • Morgan Stanley downgraded its action to Overweight with a price target of $587
  • Raymond James downgraded its action to Outperform with a price target of $615

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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