Selling puts on UnitedHealth suggested for profit, UNH closing in on 'oversold' levels.

From Yahoo Finance: 2025-04-22 14:07:00

Traders can profit from UnitedHealth (UNH) staying around current levels with an idea proposed by Prosper Trading Academy CEO Scott Bauer. Bauer suggests selling $420 puts that expire on May 2 and $430 puts on the same day, netting traders about $4 of premiums with a breakeven mark at $426.

Schwab’s Lead Market Technician, Rick Ducat, reports that UNH is closing in on “oversold” levels with its Relative Strength Index nearing 30. Despite recent lows, the shares are below moving averages around $530, with $490 and $530 as important upside areas to monitor.

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Read more at Yahoo Finance: Veteran Trader Suggests Selling Puts on UnitedHealth (UNH)