UnitedHealth Group's Options Activity: Market Insights Unveiled
UnitedHealth Group's Recent Options Activity
Recent trading data reveals that financial entities have displayed a clear bearish trend towards UnitedHealth Group. Analysis of the options history indicates 50 unusual trades associated with UnitedHealth Group (UNH).
Understanding the Trade Sentiment
Our investigation highlights that 36% of traders are taking a bullish stance, but the majority, at 54%, are leaning bearish. Among all trades observed, 15 involved put options, amounting to $950,832 in value, while 35 call options traded, totaling $3,177,036.
Predicted Price Range for UNH
Upon examining the volume and open interest in these contracts, it appears that major investors are considering a price range from $150.0 to $460.0 for UnitedHealth Group over the last quarter.
Volume and Open Interest Analysis
Currently, the average open interest for options related to UnitedHealth Group stands at 3,299.68, with total trading volume reaching 15,535.00. This performance is tracked by a chart that illustrates the fluctuating call and put option volumes in significant trades, focusing on strike prices between $150.0 and $460.0 over the past month.
Highlighted Options Trades
When observing the largest trades in the options market, a mix of both bullish and bearish sentiments is evident:
- Symbol: UNH, Trade Type: SWEEP, Sentiment: BULLISH, Price: $113.6, Total Trade Price: $851.9K, Volume: 135.
- Symbol: UNH, Trade Type: TRADE, Sentiment: BEARISH, Price: $8.6, Total Trade Price: $559.0K, Volume: 1,000.
- Symbol: UNH, Trade Type: SWEEP, Sentiment: BEARISH, Price: $108.6, Total Trade Price: $543.0K, Volume: 60.
About UnitedHealth Group
UnitedHealth Group stands as a key player in the health insurance industry, providing medical benefits to approximately 51 million members globally, including 1 million individuals outside the United States. The company excels in self-directed, employer-sponsored, and government-supported insurance plans, achieving significant scale in the medical insurance domain. Besides its insurance services, the Optum franchise enriches UnitedHealth’s offerings, presenting a broad spectrum of healthcare services from pharmaceutical benefits to outpatient care and analytics for various customers.
Current Market Performance
- UnitedHealth Group's trading volume currently rests at 7,244,700 with the share price at $289.44, reflecting a decrease of 1.04%.
- Relative Strength Index (RSI) indicates a neutral position between being overbought and oversold.
- Earnings announcements are anticipated shortly, indicating a critical period for traders and investors alike.
Expert Insights on Future Performance
In the preceding month, four analysts offered insights on UnitedHealth Group, citing an average target price set at $371.25. Notable opinions include:
- An Overweight rating from Barclays, targeting a price of $337.
- A Buy rating from UBS, with expectations of $385.
- JP Morgan continues its Overweight recommendation with an estimated price of $418.
- Truist Securities holds a Buy rating with a target price of $345.
Conclusion
Engaging in options trading holds a risk-reward trade-off, and investors should consider advanced strategies that include continuous education, tactical trade modifications, and proficiency with market indicators. To stay updated with the latest in UnitedHealth Group's options trading, being well-informed ensures you can make savvy investment decisions.
Frequently Asked Questions
What is the current trading price of UnitedHealth Group?
The current price of UnitedHealth Group is $289.44, reflecting a slight decrease of 1.04%.
What is the average target price set by analysts for UNH?
The average target price set by analysts for UnitedHealth Group is $371.25.
How many unusual trades were identified for UnitedHealth Group?
There were 50 unusual trades identified for UnitedHealth Group in recent analyses.
What is the price range being considered by investors?
Major investors are looking at a price range from $150.0 to $460.0 for UnitedHealth Group.
What do the RSI indicators say about UNH?
The RSI indicators show that UnitedHealth Group is currently in a neutral position, between overbought and oversold.
About The Author
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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
