Moderately bullish activity in UnitedHealth (UNH), with shares up $6.97, or 2.89%, near $247.96. Options volume running well above average with 251k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.69. Implied volatility (IV30) is higher by 2.2 points near 39.19,in the top quartile of the past year, suggesting an expected daily move of $6.12. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at Baird.
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