Looking At Humana's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner identified unusual options activity on Humana (NYSE:HUM), with over 10 transactions totaling $407,922, including 3 puts worth $110,775. The activity suggests a price range of $250-$400 for HUM. The most significant options trades indicate a bullish sentiment. Humana, a major private health insurer focusing on government-sponsored programs, has seen its stock price slightly increase to $379.95. Analysts have issued varied ratings, with a consensus target price of $416.2. Trading volume is 670,519, and an earnings announcement is expected in 83 days.
February 01, 2024 | 3:46 pm
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POSITIVE IMPACT
Unusual options activity and bullish sentiment suggest potential short-term upside for Humana. Analyst ratings vary, with a consensus target of $416.2, indicating room for growth from the current price of $379.95.
The unusual options activity, particularly the bullish sentiment reflected in the significant options trades, combined with the consensus analyst target price above the current stock price, suggests optimism about Humana's short-term price movement. The volume of trading and the upcoming earnings announcement further support the relevance of this analysis.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100