Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group UNH revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $99,225, and 6 were calls, valued at $927,065.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $530.0 for UnitedHealth Group over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UnitedHealth Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UnitedHealth Group's significant trades, within a strike price range of $230.0 to $530.0, over the past month.
UnitedHealth Group 30-Day Option Volume & Interest Snapshot
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 | BEARISH | 08/16/24 | $83.35 | $81.25 | $82.1 | $410.00 | $246.3K | 413 | 30 |
| UNH | CALL | TRADE | NEUTRAL | 08/16/24 | $83.05 | $81.1 | $81.9 | $410.00 | $245.7K | 413 | 60 |
| UNH | CALL | TRADE | BEARISH | 08/16/24 | $81.6 | $79.9 | $80.5 | $410.00 | $241.5K | 413 | 0 |
| UNH | CALL | TRADE | NEUTRAL | 06/21/24 | $255.7 | $251.45 | $253.89 | $230.00 | $126.9K | 13 | 5 |
| UNH | PUT | SWEEP | BEARISH | 06/21/24 | $15.8 | $15.65 | $15.75 | $490.00 | $53.5K | 1.1K | 37 |
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.
Having examined the options trading patterns of UnitedHealth Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of UnitedHealth Group
- With a volume of 511,160, the price of UNH is up 0.08% at $484.1.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 72 days.
What Analysts Are Saying About UnitedHealth Group
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $551.4.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for UnitedHealth Group, targeting a price of $571.
- An analyst from TD Cowen has decided to maintain their Buy rating on UnitedHealth Group, which currently sits at a price target of $546.
- An analyst from Barclays persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $560.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for UnitedHealth Group, targeting a price of $525.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for UnitedHealth Group, targeting a price of $555.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for UnitedHealth Group with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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