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On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in UnitedHealth Group Inc (NYSE:UNH), which is scheduled to report earnings Wednesday, before the market open.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Calls and puts were evenly distributed on Tuesday, but the options volume was twice the average daily options volume. The options market is implying a 3% move in either direction until the Friday expiry and an 11% move until the December expiry. The stock moves around 4% on earnings.
During the session, Eison noticed a sale of 1,000 contracts of the December $300 puts for $7.80. The trade breaks even at $292.20 or almost 12% below the current stock price.