Whales with a lot of money to spend have taken a noticeably bullish stance on UnitedHealth Group.
Looking at options history for UnitedHealth Group UNH we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $729,446 and 6, calls, for a total amount of $356,680.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $460.0 to $620.0 for UnitedHealth Group during the past quarter.
Analyzing Volume & Open Interest
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 $460.0 to $620.0 in the last 30 days.
UnitedHealth Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | CALL | TRADE | BULLISH | 01/19/24 | $460.00 | $157.0K | 714 | 20 |
| UNH | PUT | SWEEP | BULLISH | 09/20/24 | $620.00 | $118.0K | 4 | 12 |
| UNH | PUT | SWEEP | BEARISH | 01/17/25 | $510.00 | $108.0K | 533 | 46 |
| UNH | PUT | SWEEP | BEARISH | 01/17/25 | $510.00 | $83.2K | 533 | 93 |
| UNH | PUT | SWEEP | BULLISH | 09/20/24 | $590.00 | $70.7K | 69 | 3 |
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.
UnitedHealth Group's Current Market Status
- With a trading volume of 570,175, the price of UNH is down by -0.04%, reaching $538.17.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 2 days from now.
What Analysts Are Saying About UnitedHealth Group
In the last month, 2 experts released ratings on this stock with an average target price of $532.5.
- Reflecting concerns, an analyst from HSBC lowers its rating to Reduce with a new price target of $480.
- An analyst from Stephens & Co. downgraded its action to Overweight with a price target of $585.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
