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Check Out What Whales Are Doing With UNH

Author: Benzinga Insights | July 01, 2024 12:17pm

Financial giants have made a conspicuous bullish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group (NYSE:UNH) revealed 16 unusual trades.

Delving into the details, we found 62% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $213,585, and 10 were calls, valued at $1,065,847.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $440.0 and $600.0 for UnitedHealth Group, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for UnitedHealth Group options trades today is 497.57 with a total volume of 711.00.

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 $440.0 to $600.0 over the last 30 days.

UnitedHealth Group Call and Put Volume: 30-Day Overview

Options Call Chart

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 BULLISH 01/16/26 $32.85 $30.7 $32.15 $600.00 $643.0K 223 5
UNH CALL TRADE BEARISH 12/20/24 $81.8 $79.25 $79.23 $440.00 $79.2K 11 0
UNH PUT SWEEP BULLISH 12/19/25 $40.15 $36.65 $36.65 $480.00 $73.6K 55 2
UNH CALL TRADE BULLISH 01/16/26 $88.0 $83.15 $87.98 $480.00 $61.5K 145 0
UNH CALL SWEEP BULLISH 08/16/24 $4.9 $4.8 $4.8 $550.00 $49.8K 1.7K 140

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.

Where Is UnitedHealth Group Standing Right Now?

  • Currently trading with a volume of 1,914,247, the UNH's price is down by -1.92%, now at $499.46.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 15 days.

What Analysts Are Saying About UnitedHealth Group

In the last month, 1 experts released ratings on this stock with an average target price of $591.0.

  • An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $591.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest UnitedHealth Group options trades with real-time alerts from Benzinga Pro.

Posted In: UNH