Mixed options sentiment in UnitedHealth (UNH), with shares down $4.90 near $303.65. Options volume relatively light with 166k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.86. Implied volatility (IV30) is higher by 1.6 points near 51.9, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.93. Put-call skew steepened, indicating increased demand for downside protection.
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