Spotlight on UnitedHealth Group: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
UnitedHealth Group (NYSE:UNH) has seen a significant surge in options activity, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 11 unusual options trades, with a split sentiment of 36% bullish and 63% bearish. The trades include 6 puts and 5 calls, with a focus on strike prices between $400 and $500. Significant trades highlighted include both bearish and bullish positions with varying expiration dates. The company, a major health insurer, is currently trading at $441.22, slightly down by -0.11%, with an anticipated earnings release in 4 days. Market experts have issued ratings with a consensus target price of $542.6, despite the mixed sentiment in options trading.
April 12, 2024 | 2:33 pm
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UnitedHealth Group has experienced a notable increase in options activity, indicating a bearish outlook from large investors. Despite this, analysts have set a higher consensus target price of $542.6. The stock is slightly down pre-earnings.
The surge in bearish options activity suggests that large investors are anticipating a downturn or volatility in UNH's stock price. However, the analyst consensus points towards a higher target price, indicating a potential discrepancy between market sentiment and expert analysis. The short-term impact leans negative due to the bearish sentiment outweighing the bullish outlook, especially with the stock experiencing a slight decline ahead of its earnings release.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100