UnitedHealth Options Traders Betting On Stock Jumping This Much By April Expiration

UnitedHealth Group Inc UNH shares traded higher on Monday just days after the U.S. Department of Health and Human Services released finalized Medicare payment policies.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said UnitedHealth traded at 3x average daily call volume on Monday.

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There was a buyer of 600 of the April 515 calls at an average price of $2.66 per contract, Khouw mentioned.

The trader sees UnitedHealth’s stock surging at least 5% by April expiration.

UnitedHealth is scheduled to release its Q1 financial results before the opening bell on April 14, 2023. Analysts expect the company to report quarterly earnings at $6.13 per share, up from $5.49 per share in the year-ago period. The company’s revenue might come in at $89.78 billion.

Price Action: UnitedHealth shares gained 4.6% to settle at $494.19 on Monday and added 0.2% in after-hours trading.

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