Mixed options sentiment in UnitedHealth (UNH), with shares up $1.38, or 0.45%, near $310.25. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.67. Implied volatility (IV30) dropped 0.85 near 33.5,and above the 52wk median, suggesting an expected daily move of $6.55. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Baird.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNH:
- Senate Republicans abandon Medicare cost cuts, Bloomberg reports
- JPMorgan, Plug Power, Costco, UnitedHealth, Strategy: Insider Moves Unveiled
- U.S., China reach trade pact, GM to invest $4B in U.S. plants: Morning Buzz
- Uber initiated, Etsy downgraded: Wall Street’s top analyst calls
- Baird downgrades UnitedHealth on difficult Medicare Advantage path forward