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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $163,716 and 5, calls, for a total amount of $220,230.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $460.0 to $500.0 for UnitedHealth Group during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of UnitedHealth Group stands at 921.0, with a total volume reaching 453.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UnitedHealth Group, situated within the strike price corridor from $460.0 to $500.0, throughout the last 30 days.
UnitedHealth Group Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | CALL | TRADE | BULLISH | 06/21/24 | $7.0 | $6.8 | $7.0 | $500.00 | $70.0K | 1.0K | 106 |
| UNH | CALL | TRADE | BEARISH | 04/26/24 | $11.3 | $10.8 | $10.8 | $465.00 | $54.0K | 116 | 50 |
| UNH | PUT | SWEEP | NEUTRAL | 04/19/24 | $43.1 | $37.25 | $40.18 | $500.00 | $52.6K | 1.7K | 18 |
| UNH | PUT | SWEEP | BEARISH | 04/19/24 | $45.25 | $42.6 | $44.16 | $500.00 | $44.1K | 1.7K | 51 |
| UNH | PUT | SWEEP | NEUTRAL | 04/19/24 | $34.3 | $28.3 | $31.22 | $490.00 | $40.7K | 2.2K | 0 |
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.
UnitedHealth Group's Current Market Status
- With a volume of 170,273, the price of UNH is up 0.84% at $462.0.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 13 days.
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.
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