Investors with a lot of money to spend have taken a bullish stance on UnitedHealth Group (NYSE:UNH).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UNH, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for UnitedHealth Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 36%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $421,530, and 6 are calls, for a total amount of $540,106.

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 $350.0 to $700.0 for UnitedHealth Group over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for UnitedHealth Group options trades today is 725.67 with a total volume of 535.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for UnitedHealth Group's big money trades within a strike price range of $350.0 to $700.0 over the last 30 days.

UnitedHealth Group Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About UnitedHealth Group

Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company's own performance.

Current Position of UnitedHealth Group

• With a volume of 1,011,833, the price of UNH is down -0.05% at $608.23.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 38 days.

What Analysts Are Saying About UnitedHealth Group

In the last month, 2 experts released ratings on this stock with an average target price of $640.0.

Unusual Options Activity Detected: Smart Money on the Move

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.