UnitedHealth Group Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. Over the last 3 months, the targeted price range for UnitedHealth Group has been between $230.0 and $550.0. The company's stock price is currently up 0.72% at $507.35. Several financial institutions have maintained their ratings on UnitedHealth Group, with price targets ranging from $520 to $580.
July 20, 2023 | 4:01 pm
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Unusual options activity indicates a significant bearish stance on UnitedHealth Group. The stock price is currently up, but this could change depending on the outcome of the options trades.
The unusual options activity indicates that a large investor is expecting the stock price of UnitedHealth Group to decrease. This could potentially lead to a decrease in the stock price in the short term, especially if other investors follow suit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100