UnitedHealth Group Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 24 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $956,151, and 14 were calls, valued at $583,948.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $400.0 and $580.0 for UnitedHealth Group, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UnitedHealth Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UnitedHealth Group's significant trades, within a strike price range of $400.0 to $580.0, over the past month.

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.

Having examined the options trading patterns of UnitedHealth Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

UnitedHealth Group's Current Market Status

• Currently trading with a volume of 1,998,973, the UNH's price is up by 0.22%, now at $504.65.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 81 days.

What Analysts Are Saying About UnitedHealth Group

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $596.6.

• Consistent in their evaluation, an analyst from Stephens & Co. keeps a Overweight rating on UnitedHealth Group with a target price of $605.
• 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 Cantor Fitzgerald downgraded its action to Overweight with a price target of $591.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $596.
• Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $610.

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.