Bullish on OptionHacker in UnitedHealth Group Incorporated (UNH) Weekly Options

UnitedHealth Group Incorporated (UNH) is a diversified healthcare company that operates a number of healthcare related businesses. The company’s stock is currently trading around $101.35 in a 52 week range of $69.57-$101.42. The stock has been performing very well this year with shares rallying by nearly 35% year to date. Earlier in today’s session we saw some unusual options activity that suggests traders believe UNH will continue to be strong in the short term.

Earlier today a trader bought 1,479 UNH Dec 26th Weekly 102 Calls for $0.67. This trade hit OptionHacker and shortly after it did the stock rallied to new intraday highs. This high also represented a new 52 week high for UNH. The calls have already traded as high as $0.80 on the day meaning this is already a profitable trade. I bought some for $0.70 and have taken my first profit target at $0.80.

Trade: Buying the UNH Dec 26th Weekly 102 Calls for $0.70
Risk: $70 per 1 lot
Reward: Unlimited
Breakeven: $102.70

Regards,
Andrew Keene
KeeneOnTheMarket.com

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