Deep-pocketed investors have adopted a bearish approach towards UnitedHealth Group UNH, 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 UNH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for UnitedHealth Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 40% bearish. Among these notable options, 5 are puts, totaling $291,710, and 5 are calls, amounting to $198,913.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $340.0 to $560.0 for UnitedHealth Group during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $340.0 to $560.0 in the last 30 days.
UnitedHealth Group Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | PUT | TRADE | BULLISH | 06/21/24 | $5.2 | $4.4 | $4.6 | $470.00 | $83.7K | 1.6K | 189 |
| UNH | PUT | TRADE | BULLISH | 06/21/24 | $5.25 | $4.4 | $4.6 | $470.00 | $83.2K | 1.6K | 189 |
| UNH | PUT | TRADE | BEARISH | 01/17/25 | $21.9 | $21.75 | $21.9 | $470.00 | $54.7K | 1.3K | 25 |
| UNH | CALL | TRADE | BEARISH | 01/16/26 | $181.85 | $178.15 | $178.15 | $340.00 | $53.4K | 5 | 6 |
| UNH | CALL | TRADE | NEUTRAL | 06/21/24 | $17.2 | $16.05 | $16.6 | $490.00 | $41.5K | 1.9K | 0 |
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.
Where Is UnitedHealth Group Standing Right Now?
- With a volume of 536,121, the price of UNH is up 0.1% at $492.95.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 67 days.
What Analysts Are Saying About UnitedHealth Group
In the last month, 5 experts released ratings on this stock with an average target price of $576.8.
- An analyst from Truist Securities downgraded its action to Buy with a price target of $600.
- An analyst from Barclays has decided to maintain their Overweight rating on UnitedHealth Group, which currently sits at a price target of $560.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $591.
- 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 Deutsche Bank has decided to maintain their Buy rating on UnitedHealth Group, which currently sits at a price target of $562.
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.
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