Mixed options sentiment in UnitedHealth (UNH), with shares down $3.88 near $326.95. Options volume roughly in line with average with 113k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.63 near 34.33,and below the 52wk median, suggesting an expected daily move of $7.07. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Deutsche Bank.
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