Smart Money Is Betting Big In UNH Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on UnitedHealth Group (NYSE:UNH), as observed through recent options trades. Benzinga's options scanner detected 8 trades, with a split sentiment of 37% bullish and 50% bearish. The trades suggest a targeted price range of $455.0 to $560.0 for UNH. The stock is currently down by -0.7%, trading at $520.94.
May 20, 2024 | 5:01 pm
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Significant options activity has been detected for UnitedHealth Group (NYSE:UNH), with a majority of trades being bearish. This could indicate a potential decline in the stock price in the short term.
The detection of significant bearish options activity suggests that investors with substantial capital are anticipating a decline in UNH's stock price. The current trading volume and price movement support this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100