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January 10, 2014  Fri 11:40 AM CT

UNH: SEE CHART GET CHAIN FIND STRATEGIES
A large trade is looking for UnitedHealth to hold current levels in coming weeks.

optionMONSTER systems detected the sale of more than 9,000 February 72 puts today, with the big block of 7,574 going for the bid price of $0.65. The volume eclipsed the previous open interest at that strike, as well as the total average volume in the name, showing clearly that this is a new position.

The put seller is looking for UNH to hold steady or rise through mid-February, though the trade can profit with UNH anywhere above $71.35 at that expiration. (See our Education section)

UNH is down 1.74 percent to $75.76. The health-benefits company was down near support at $70 less than a month ago but posted a new all-time closing high of $76.51 on Tuesday.
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So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

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