High-rolling investors have positioned themselves bearish on UnitedHealth Group UNH, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in UNH often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for UnitedHealth Group. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $26,660, and 7 calls, totaling $264,545.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $290.0 to $550.0 for UnitedHealth Group over the recent three months.
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 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 $290.0 to $550.0 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | CALL | TRADE | BULLISH | 12/19/25 | $550.00 | $73.6K | 229 | 20 |
| UNH | CALL | TRADE | BEARISH | 12/19/25 | $550.00 | $40.9K | 229 | 10 |
| UNH | CALL | SWEEP | BEARISH | 12/22/23 | $415.00 | $38.1K | 1 | 3 |
| UNH | CALL | TRADE | BEARISH | 01/17/25 | $540.00 | $31.0K | 343 | 1 |
| UNH | CALL | TRADE | BEARISH | 12/29/23 | $510.00 | $28.0K | 41 | 1 |
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.
After a thorough review of the options trading surrounding UnitedHealth Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of UnitedHealth Group
- Currently trading with a volume of 1,138,176, the UNH's price is down by -1.37%, now at $542.26.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 32 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 $577.0.
- Consistent in their evaluation, an analyst from Jefferies keeps a Hold rating on UnitedHealth Group with a target price of $503.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $591.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $596.
- An analyst from Stephens & Co. has revised its rating downward to Overweight, adjusting the price target to $585.
- In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $610.
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.
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