Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group (NYSE:UNH) revealed 15 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $204,060, and 13 were calls, valued at $657,268.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $410.0 to $520.0 for UnitedHealth Group during the past quarter.
Volume & Open Interest Trends
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 $410.0 to $520.0 in the last 30 days.
UnitedHealth Group Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | CALL | SWEEP | BEARISH | 12/20/24 | $34.05 | $33.1 | $33.1 | $490.00 | $135.7K | 69 | 1 |
| UNH | PUT | SWEEP | BULLISH | 12/20/24 | $7.0 | $6.2 | $6.15 | $410.00 | $122.3K | 12 | 0 |
| UNH | CALL | TRADE | BEARISH | 09/20/24 | $28.1 | $27.45 | $27.45 | $480.00 | $109.8K | 747 | 4 |
| UNH | CALL | TRADE | BULLISH | 07/19/24 | $14.25 | $13.9 | $14.12 | $490.00 | $84.7K | 902 | 12 |
| UNH | PUT | TRADE | BULLISH | 06/14/24 | $36.95 | $34.05 | $34.05 | $520.00 | $81.7K | 44 | 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.
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?
- Trading volume stands at 685,635, with UNH's price down by -1.12%, positioned at $487.56.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 29 days.
What The Experts Say On UnitedHealth Group
3 market experts have recently issued ratings for this stock, with a consensus target price of $582.3333333333334.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for UnitedHealth Group, targeting a price of $559.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $591.
- An analyst from Baird downgraded its action to Outperform with a price target of $597.
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.