Deep-pocketed investors have adopted a bearish approach towards Humana HUM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HUM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Humana. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 9 are puts, totaling $561,550, and 6 are calls, amounting to $235,546.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $420.0 for Humana during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Humana options trades today is 202.21 with a total volume of 867.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Humana's big money trades within a strike price range of $200.0 to $420.0 over the last 30 days.
Humana Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUM | PUT | SWEEP | BULLISH | 01/16/26 | $116.9 | $112.5 | $112.5 | $420.00 | $270.0K | 99 | 30 |
| HUM | CALL | TRADE | BEARISH | 01/16/26 | $133.0 | $129.0 | $129.0 | $200.00 | $64.5K | 10 | 5 |
| HUM | PUT | TRADE | NEUTRAL | 05/03/24 | $19.1 | $18.2 | $18.7 | $320.00 | $56.1K | 38 | 31 |
| HUM | PUT | TRADE | BULLISH | 05/17/24 | $50.2 | $45.4 | $46.5 | $350.00 | $51.1K | 365 | 11 |
| HUM | CALL | TRADE | BEARISH | 04/05/24 | $12.1 | $11.5 | $11.5 | $300.00 | $46.0K | 286 | 73 |
About Humana
Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.
In light of the recent options history for Humana, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Humana's Current Market Status
- With a volume of 850,668, the price of HUM is up 0.61% at $306.2.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 21 days.
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 Humana, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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