Mixed options sentiment in UnitedHealth (UNH), with shares down $4.25 near $246.75. Options volume relatively light with 145k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.69. Implied volatility (IV30) dropped 1.75 near 36.07,in the top quartile of the past year, suggesting an expected daily move of $5.61. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at Baird.
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