Option traders moderately bearish in UnitedHealth (UNH), with shares down $1.70 near $345.15. Options volume relatively light with 61k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 1.14. Implied volatility (IV30) is higher by 0.0 points near 40.04,in the top quartile of the past year, suggesting an expected daily move of $8.71. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: UnitedHealth (UNH) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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