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

Andrew Keene

Submit a Comment

Your email address will not be published.


Your ultimate source of knowledge about the markets.

Recent Posts

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy