UNH - How to trade this

Ouch! Stopped out in after-market.

 

Free Luigi?

 

Here in the SF bay area there is a play about him. Crazy. Nobody said these people were rational.

 

Wow. Even I didn't think it would collapse so quickly. It is now at April 2020 levels. On March 23 2020 it bottomed at $187.72. Only another 26% left to reach that level.

 

Unless this medicare fraud thing is really bad, it's a buy down here.
The classic screw-up of "catching the falling knife" was yesterday and the day before.
UNH is not going away. I think its overdone. It's UNH. Famous last words I know... but still.

 

People can buy UNH at $260 here and sell the July atm calls for $33 and have about another 12.5% downside protection. Could it drop that much more?!

I guess it could, there are no free lunches, but still at this PE... I mean, that sure looks like a safe trade. Plus an $8.40 dividend. About 3.3%

 

wake me up at 180

 

Someone on CNBC earlier said "They might get kicked off the Dow."
I bet he bought 100K shares 10 minutes after he said that.

 

PE of 5.5 on UNH? You'll be one Rip Van Winkle mofo Merlin.