Deep-pocketed investors have adopted a bullish approach towards UnitedHealth Group (NYSE: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 13 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 46% leaning bullish and 46% bearish. Among these notable options, 9 are puts, totaling $437,393, and 4 are calls, amounting to $363,867.
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 $530.0 to $610.0 for UnitedHealth Group during the past quarter.
Volume & Open Interest Development
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 $530.0 to $610.0 in the last 30 days.
UnitedHealth Group Option Activity Analysis: 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 | TRADE | BEARISH | 10/11/24 | $45.75 | $43.4 | $43.4 | $560.00 | $217.0K | 0 | 0 |
| UNH | PUT | SWEEP | BULLISH | 06/20/25 | $41.65 | $37.75 | $37.75 | $580.00 | $68.0K | 209 | 24 |
| UNH | CALL | SWEEP | BEARISH | 09/20/24 | $66.85 | $64.7 | $64.7 | $530.00 | $64.6K | 831 | 10 |
| UNH | PUT | SWEEP | BULLISH | 09/20/24 | $10.9 | $10.8 | $10.8 | $592.50 | $54.1K | 67 | 50 |
| UNH | PUT | TRADE | BULLISH | 11/15/24 | $33.6 | $32.65 | $32.65 | $610.00 | $52.2K | 167 | 16 |
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.
After a thorough review of the options trading surrounding UnitedHealth Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is UnitedHealth Group Standing Right Now?
- With a trading volume of 264,746, the price of UNH is up by 0.19%, reaching $596.64.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 35 days from now.
Expert Opinions on UnitedHealth Group
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $591.0.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $591.
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.