This Is What Whales Are Betting On UnitedHealth Group

Author: Benzinga Insights | August 09, 2024 01:02pm

Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group (NYSE:UNH) revealed 13 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $142,590, and 8 were calls, valued at $378,113.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $450.0 to $820.0 for UnitedHealth Group over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $450.0 to $820.0 in the last 30 days.

UnitedHealth Group Option Activity Analysis: Last 30 Days

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	09/20/24	$76.4	$71.5	$74.97	$490.00	$67.4K	1.2K	10
UNH	CALL	SWEEP	BEARISH	08/16/24	$46.4	$43.0	$43.0	$520.00	$56.0K	1.0K	25
UNH	CALL	SWEEP	BULLISH	08/16/24	$2.09	$1.85	$2.03	$580.00	$50.1K	1.0K	292
UNH	CALL	TRADE	BEARISH	11/15/24	$95.8	$93.55	$93.55	$480.00	$46.7K	0	5
UNH	CALL	TRADE	BEARISH	08/16/24	$46.05	$40.9	$41.99	$520.00	$46.1K	1.0K	75

About UnitedHealth Group

UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 50 million members globally, including 1 million outside the us as June 2024. 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.

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

• Trading volume stands at 1,061,523, with UNH's price down by -0.87%, positioned at $561.31.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 63 days.

What The Experts Say On UnitedHealth Group

In the last month, 5 experts released ratings on this stock with an average target price of $625.8.

• An analyst from UBS persists with their Buy rating on UnitedHealth Group, maintaining a target price of $680.
• An analyst from RBC Capital persists with their Outperform rating on UnitedHealth Group, maintaining a target price of $615.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on UnitedHealth Group with a target price of $604.
• An analyst from Wells Fargo persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $630.
• An analyst from Argus Research has decided to maintain their Buy rating on UnitedHealth Group, which currently sits at a price target of $600.

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