Moderately bullish activity in UnitedHealth (UNH), with shares up $11.86, or 3.34%, near $366.55. Options volume running well above average with 127k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.5 points near 29.57,in the lowest 10% of observations over the past year, suggesting an expected daily move of $6.83. 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 price target raised to $420 from $389 at JPMorgan
- UnitedHealth upgraded to Buy from Hold at Erste Group
- UnitedHealth’s Turnaround Rally Draws Wall Street’s Bullseye
- UnitedHealthcare supports effort to standardize prior authorization rules
- UnitedHealth Stock Forecast: Trending Mixed Signals From Analysts
