Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $142,590, and 8 were calls, valued at $378,113.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $450.0 to $820.0 for UnitedHealth Group over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $450.0 to $820.0 in the last 30 days.
UnitedHealth Group Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | CALL | TRADE | BULLISH | 09/20/24 | $76.4 | $71.5 | $74.97 | $490.00 | $67.4K | 1.2K | 10 |
| UNH | CALL | SWEEP | BEARISH | 08/16/24 | $46.4 | $43.0 | $43.0 | $520.00 | $56.0K | 1.0K | 25 |
| UNH | CALL | SWEEP | BULLISH | 08/16/24 | $2.09 | $1.85 | $2.03 | $580.00 | $50.1K | 1.0K | 292 |
| UNH | CALL | TRADE | BEARISH | 11/15/24 | $95.8 | $93.55 | $93.55 | $480.00 | $46.7K | 0 | 5 |
| UNH | CALL | TRADE | BEARISH | 08/16/24 | $46.05 | $40.9 | $41.99 | $520.00 | $46.1K | 1.0K | 75 |
About UnitedHealth Group
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 50 million members globally, including 1 million outside the us as June 2024. 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.
Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company's own performance.
Current Position of UnitedHealth Group
- Trading volume stands at 1,061,523, with UNH's price down by -0.87%, positioned at $561.31.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 63 days.
What The Experts Say On UnitedHealth Group
In the last month, 5 experts released ratings on this stock with an average target price of $625.8.
- An analyst from UBS persists with their Buy rating on UnitedHealth Group, maintaining a target price of $680.
- An analyst from RBC Capital persists with their Outperform rating on UnitedHealth Group, maintaining a target price of $615.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on UnitedHealth Group with a target price of $604.
- An analyst from Wells Fargo persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $630.
- An analyst from Argus Research has decided to maintain their Buy rating on UnitedHealth Group, which currently sits at a price target of $600.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
