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.
Originally published on InvestorsObserver.com