United Health (UNH) Offering Possible 10.99% Return Over the Next 23 Calendar Days

This post was originally published on this site

United Health’s most recent trend suggests a bullish bias. One trading opportunity on United Health is a Bull Put Spread using a strike $410.00 short put and a strike $390.00 long put offers a potential 10.99% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $410.00 by expiration. The full premium credit of $1.98 would be kept by the premium seller. The risk of $18.02 would be incurred if the stock dropped below the $390.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for United Health is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for United Health is bullish.

The RSI indicator is at 54.34 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for United Health

UnitedHealth Group (UNH) Boasts Earnings & Price Momentum: Should You Buy?
Mon, 23 Aug 2021 13:30:01 +0000
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.

UnitedHealth Group (UNH) Gains But Lags Market: What You Should Know
Fri, 20 Aug 2021 21:45:09 +0000
UnitedHealth Group (UNH) closed at $429.71 in the latest trading session, marking a +0.43% move from the prior day.

UnitedHealth (UNH) Hits 52-Week High: Hold it for Steady Growth
Fri, 20 Aug 2021 18:56:06 +0000
UnitedHealth’s (UNH) business diversification, presence in the niche markets and balance sheet strength make it a stock to be retained for long-term gains.

4 Health Insurance Companies Poised for Growth in 2H21
Wed, 18 Aug 2021 12:28:12 +0000
Strategic initiatives, rising enrolment and strength in Medicaid business are expected to aid health insurance companies like CNC, ANTM, MOH and UNH in 2H21.

Dow Jones Futures: Market Rally Retreats, Tesla, Home Depot, CrowdStrike Hit; Target Falls On Earnings
Wed, 18 Aug 2021 12:18:10 +0000
The market rally suffered broad losses Tuesday, except for medicals. Tesla and Home Depot struggled, as did related stocks. Target topped views but shares fell.

Be Sociable, Share!

Related Posts