UnitedHealth Group's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on UnitedHealth Group UNH.

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 UNH, 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 46 uncommon options trades for UnitedHealth Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.

Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,409,124, and 27 are calls, for a total amount of $1,344,231.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $290.0 to $590.0 for UnitedHealth Group over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for UnitedHealth Group options trades today is 379.55 with a total volume of 7,277.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for UnitedHealth Group's big money trades within a strike price range of $290.0 to $590.0 over the last 30 days.

UnitedHealth Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company's own performance.

Current Position of UnitedHealth Group

• Currently trading with a volume of 1,894,581, the UNH's price is up by 0.18%, now at $520.1.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 86 days.

Professional Analyst Ratings for UnitedHealth Group

In the last month, 4 experts released ratings on this stock with an average target price of $598.0.

• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $596.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for UnitedHealth Group, targeting a price of $581.
• An analyst from Oppenheimer downgraded its action to Outperform with a price target of $610.
• An analyst from Stephens & Co. persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $605.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest UnitedHealth Group options trades with real-time alerts from Benzinga Pro.