Vote of confidence in UnitedHealth
Chris McKhann | firstname.lastname@example.org
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.