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Option traders moderately bearish in UnitedHealth with shares down 1.6%

Option traders moderately bearish in UnitedHealth (UNH), with shares down $5.01 near $308.56. Options volume relatively light with 128k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 0.0 points near 36.0,and above the 52wk median, suggesting an expected daily move of $7.00. Put-call skew steepened, indicating increased demand for downside protection.

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