Looking At UnitedHealth Group's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on UnitedHealth Group.

Looking at options history for UnitedHealth Group UNH we detected 21 trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $177,505 and 16, calls, for a total amount of $1,087,484.

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 $450.0 and $630.0 for UnitedHealth Group, spanning the last three months.

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 $630.0 in the last 30 days.

UnitedHealth Group Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

In light of the recent options history for UnitedHealth Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of UnitedHealth Group

• Trading volume stands at 2,328,338, with UNH's price down by -0.28%, positioned at $492.0.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 77 days.

What Analysts Are Saying About UnitedHealth Group

In the last month, 5 experts released ratings on this stock with an average target price 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.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $596.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on UnitedHealth Group with a target price of $581.
• Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $610.
• An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $591.

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.