Looking At UnitedHealth Group's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on UnitedHealth Group (NYSE:UNH), with 57% of recent unusual options activity being bearish. The total trade amounts are $186,311 for puts and $295,305 for calls, targeting a price range of $380 to $590 over the last 3 months.
May 22, 2023 | 5:16 pm
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A whale has taken a bearish stance on UnitedHealth Group, with 57% of recent unusual options activity being bearish, targeting a price range of $380 to $590 over the last 3 months.
The bearish stance taken by a whale with a large amount of money to spend indicates that they believe the stock price will go down in the short term. This could lead to increased selling pressure and a potential decline in the stock price. Additionally, the targeted price range of $380 to $590 suggests that there is significant uncertainty about the future price direction of the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100