Decoding UnitedHealth Group's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Significant options activity has been detected for UnitedHealth Group (NYSE:UNH), with a mix of bullish and bearish sentiment. A total of 66 uncommon options trades were identified, with 59 calls and 7 puts, indicating a bullish stance by major investors. The predicted price range for UNH is between $440 and $740. The stock is currently trading at $588.49, with a neutral RSI. Analysts have set a consensus target price of $591.
October 02, 2024 | 4:32 pm
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UnitedHealth Group has seen significant options activity, with a majority of trades being bullish. The predicted price range is $440-$740, and the current stock price is $588.49. Analysts have set a target price of $591.
The large volume of bullish options trades suggests positive sentiment among major investors, potentially driving the stock price up in the short term. The predicted price range and analyst target support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100