This Is What Whales Are Betting On UnitedHealth Group

Investors with a lot of money to spend have taken a bearish 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 16 uncommon options trades for UnitedHealth Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $439,508, and 11 are calls, for a total amount of $712,585.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $450.0 to $545.0 for UnitedHealth Group during the past quarter.

Volume & Open Interest Trends

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 $450.0 to $545.0 in the last 30 days.

UnitedHealth Group Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Current Position of UnitedHealth Group

• Trading volume stands at 1,290,440, with UNH's price down by 0.0%, positioned at $540.46.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 58 days.

Professional Analyst Ratings for UnitedHealth Group

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $579.0.

• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on UnitedHealth Group with a target price of $579.

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.