Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Check Out What Whales Are Doing With UNH

Someone with a lot of money to spend has taken a bearish stance on UnitedHealth Group (NYSE:UNH).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with UNH, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for UnitedHealth Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $403,485, and 9 are calls, for a total amount of $625,074.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $430.0 to $510.0 for UnitedHealth Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $430.0 to $510.0 in the last 30 days.

UnitedHealth Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UNH PUT TRADE BULLISH 09/16/22 $490.00 $142.6K 423 111
UNH CALL SWEEP BEARISH 06/17/22 $510.00 $136.5K 2.4K 298
UNH CALL TRADE BEARISH 06/17/22 $510.00 $100.8K 2.4K 662
UNH CALL SWEEP BEARISH 09/16/22 $470.00 $92.0K 158 30
UNH CALL SWEEP BEARISH 06/17/22 $510.00 $84.8K 2.4K 515

Where Is UnitedHealth Group Standing Right Now?

  • With a volume of 969,139, the price of UNH is up 1.76% at $494.26.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 52 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.