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 8 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 62% leaning bullish and 25% bearish. Among these notable options, 3 are puts, totaling $255,896, and 5 are calls, amounting to $158,722.
What’s The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $500.0 to $520.0 for UnitedHealth Group over the recent three months.
Analyzing Volume & Open Interest
In today’s trading context, the average open interest for options of UnitedHealth Group stands at 475.5, with a total volume reaching 929.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UnitedHealth Group, situated within the strike price corridor from $500.0 to $520.0, throughout 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 | PUT | SWEEP | BULLISH | 01/16/26 | $49.0 | $45.1 | $46.05 | $500.00 | $179.2K | 332 | 50 |
| UNH | PUT | TRADE | NEUTRAL | 01/16/26 | $49.1 | $44.5 | $46.45 | $500.00 | $51.0K | 332 | 11 |
| UNH | CALL | TRADE | BULLISH | 07/19/24 | $21.2 | $20.8 | $21.2 | $500.00 | $42.4K | 813 | 45 |
| UNH | CALL | SWEEP | BULLISH | 06/07/24 | $5.85 | $5.7 | $5.7 | $502.50 | $32.4K | 181 | 283 |
| UNH | CALL | SWEEP | BEARISH | 06/07/24 | $3.2 | $2.95 | $2.95 | $505.00 | $29.6K | 542 | 320 |
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.
Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company’s own performance.
Present Market Standing of UnitedHealth Group
- With a volume of 1,360,108, the price of UNH is up 1.74% at $506.11.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 38 days.
What The Experts Say On UnitedHealth Group
2 market experts have recently issued ratings for this stock, with a consensus target price of $578.0.
- In a cautious move, an analyst from Baird downgraded its rating to Outperform, setting a price target of $597.
- An analyst from JP Morgan persists with their Overweight rating on UnitedHealth Group, maintaining a target price of $559.
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.
