Moderately bullish activity in UnitedHealth (UNH), with shares up $11.29, or 3.72%, near $315.31. Options volume running well above average with 331k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 0.5 points near 39.12,in the top quartile of the past year, suggesting an expected daily move of $7.77. Put-call skew steepened, indicating increased demand for downside protection.
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