Moderately bullish activity in UnitedHealth (UNH), with shares up $1.27, or 0.35%, near $368.04. Options volume roughly in line with average with 96k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.5 points near 29.03,in the lowest 10% of observations over the past year, suggesting an expected daily move of $6.73. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Erste Group.
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Read More on UNH:
- UnitedHealth (UNH) Got Hammered. Q1 Shows the Comeback Has Started
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- UnitedHealth upgraded to Buy from Hold at Erste Group
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