Check Out What Whales Are Doing With UNH

Author: Benzinga Insights | April 23, 2024 12:01pm

Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group (NYSE:UNH) revealed 11 unusual trades.

Delving into the details, we found 36% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $117,096, and 7 were calls, valued at $650,216.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $470.0 and $600.0 for UnitedHealth Group, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in UnitedHealth Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to UnitedHealth Group's substantial trades, within a strike price spectrum from $470.0 to $600.0 over the preceding 30 days.

UnitedHealth Group 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
UNH	CALL	TRADE	BULLISH	05/17/24	$12.45	$12.15	$12.45	$485.00	$435.7K	11	381
UNH	CALL	SWEEP	BEARISH	04/26/24	$3.0	$2.98	$2.98	$495.00	$45.3K	621	686
UNH	CALL	TRADE	BEARISH	05/17/24	$10.9	$10.75	$10.75	$490.00	$43.0K	1.2K	100
UNH	CALL	SWEEP	BEARISH	01/17/25	$40.85	$40.25	$40.25	$500.00	$36.2K	1.7K	0
UNH	PUT	TRADE	BULLISH	01/16/26	$119.3	$115.0	$115.0	$600.00	$34.5K	70	1

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.

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.

Present Market Standing of UnitedHealth Group

• With a volume of 1,275,257, the price of UNH is down -0.56% at $488.5.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 80 days.

Expert Opinions on UnitedHealth Group

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $564.4.

• An analyst from Morgan Stanley persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $584.
• An analyst from Barclays has decided to maintain their Overweight rating on UnitedHealth Group, which currently sits at a price target of $560.
• Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $591.
• Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on UnitedHealth Group with a target price of $562.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for UnitedHealth Group, targeting a price of $525.

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