Markets
UNH

Traders buy calls on United Health

A generic image of a person stacking coins next to a calculator.
Credit: Shutterstock photo

Traders are building a position Tuesday in calls on United Health Group ( UNH ). So far, 9,911 contracts of the Sept. 285 call have changed hands today, against no open interest. Pricing suggests that these contracts are being initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for UNH ($261.72 up $0.02) are bullish with an upward trend. The stock has support around 256. Look at the Sept. 242.50/247.50 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 5.4% to cause a problem. [InvestorsKeyhole, various news and data services]

Editor's Note: This trade was updated to correct the expiration date.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

UNH

Other Topics

Options