Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $587,839, and 7 were calls, valued at $322,109.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $380.0 to $560.0 for UnitedHealth Group over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in UnitedHealth Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to UnitedHealth Group's substantial trades, within a strike price spectrum from $380.0 to $560.0 over the preceding 30 days.
UnitedHealth Group Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | CALL | SWEEP | BULLISH | 09/20/24 | $520.00 | $133.6K | 52 | 28 |
| UNH | PUT | TRADE | NEUTRAL | 01/12/24 | $542.50 | $107.0K | 120 | 1 |
| UNH | PUT | TRADE | BEARISH | 01/12/24 | $550.00 | $81.6K | 44 | 56 |
| UNH | PUT | SWEEP | BEARISH | 09/20/24 | $560.00 | $68.4K | 303 | 16 |
| UNH | PUT | SWEEP | BEARISH | 12/19/25 | $380.00 | $63.2K | 9 | 45 |
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.
Where Is UnitedHealth Group Standing Right Now?
- Trading volume stands at 1,036,298, with UNH's price down by -1.94%, positioned at $534.86.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 7 days.
Professional Analyst Ratings for UnitedHealth Group
2 market experts have recently issued ratings for this stock, with a consensus target price of $532.5.
- An analyst from HSBC downgraded its action to Reduce with a price target of $480.
- Reflecting concerns, an analyst from Stephens & Co. lowers its rating to Overweight with a new price target of $585.
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.
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