Market Whales and Their Recent Bets on UNH Options

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 41 trades.

If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.

From the overall spotted trades, 20 are puts, for a total amount of $1,155,796 and 21, calls, for a total amount of $1,917,358.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $550.0 for UnitedHealth Group over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in UnitedHealth Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to UnitedHealth Group's substantial trades, within a strike price spectrum from $370.0 to $550.0 over the preceding 30 days.

UnitedHealth Group Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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

• With a trading volume of 2,967,667, the price of UNH is up by 0.29%, reaching $473.99.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 36 days from now.

Expert Opinions on UnitedHealth Group

4 market experts have recently issued ratings for this stock, with a consensus target price of $606.75.

• An analyst from B of A Securities persists with their Buy rating on UnitedHealth Group, maintaining a target price of $675.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $596.
• Reflecting concerns, an analyst from Barclays lowers its rating to Overweight with a new price target of $551.
• In a cautious move, an analyst from Stephens & Co. downgraded its rating to Overweight, setting a price target of $605.

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.