Option traders moderately bearish in UnitedHealth (UNH), with shares down $9.28 near $332.28. Options volume roughly in line with average with 182k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 2.1 points near 35.2,and above the 52wk median, suggesting an expected daily move of $7.37. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Deutsche Bank.
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Read More on UNH:
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