UnitedHealth Group Options Rush: What You Need to Know – UnitedHealth Group (NYSE:UNH)

Investors who can spend a lot of money have taken an optimistic stance UnitedHealth Group UNH.

And private traders should know.

We noticed this today when the trades appeared in the 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 that someone knows something is going to happen.

So how do we know what these investors just did?

Today, Benzinga’s Options Scanner discovered 13 unusual options trades for UnitedHealth Group.

This is not normal.

The overall sentiment of these wholesalers is 38% optimistic and 38% pessimistic.

Of all the special options we discovered, 4 are put options with a total amount of $250,460 and 9 are call options with a total amount of $488,431.

Expected price movements

Based on trading activity, it appears that major investors are targeting a price range between $560.0 and $650.0 for UnitedHealth Group over the past three months.

Volume and open interest trends

Examining volume and open interest provides important insights for stock analysis. This information is critical to assessing liquidity and interest in UnitedHealth Group’s options at specific strike prices. Below we present a snapshot of trends in volume and open interest for calls and puts on UnitedHealth Group’s key trades within a strike price range of $560.0 to $650.0 over the past month.

UnitedHealth Group Options Activity Analysis: Last 30 Days

Biggest options discovered:

About UnitedHealth Group

UnitedHealth Group is one of the largest private health insurers, providing medical benefits to approximately 50 million members worldwide, including 1 million outside the United States (as of June 2024). As a leading provider of employer-sponsored, self-managed and government-sponsored insurance plans, UnitedHealth has achieved enormous scale in the managed care space. In addition to its insurance assets, UnitedHealth’s continuous investment in its Optum franchises has created a healthcare services behemoth that includes everything from medical and pharmaceutical benefits to the provision of outpatient care and analytics to affiliated and third-party customers.

Following our analysis of UnitedHealth Group’s options activity, let’s now take a closer look at the performance of the company itself.

Current market status of UnitedHealth Group

• With a current trading volume of 325,949, the price of UNH has increased by 0.64% and is now trading at $591.08.
• RSI readings suggest that the stock may be overbought at the moment.
• The results are expected to be published in 44 days.

What the experts say about UnitedHealth Group

1 market expert recently provided ratings for this stock, with a consensus price target of $591.0.

• An analyst at Cantor Fitzgerald lowers the rating to “Overweight” due to these concerns, with a new price target of $591.

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