I am Rodney Dangerfield of the Options Forum...Got no respect!! Almost 140 points of nondirectional move after my original post and not a single "Nice call IV! Way to go IV!" Just kidding; carry on!
Am amazing call for sure. Imagine if you had bought the May $300 puts back then. You would have retired by now.
I wish...but unfortunately (in this case) directional trades never worked for me, so not position. However, I benefited greatly from UNH fall in my dispersion position.
Investigation for Medicare fraud. The options price action today had me thinking more roaches were coming out.
17 Apr 2025 - significant volume traded accompanied by big down gap. What happened on that day? Down it goes after breaking the 450 support level. 210 to 300 could be the next support band.
It's going to 200. If the Medicare fraud is substantial then they are done. Can't merge with another insurer. Start by selling off units. I had UNH for many years for a family policy and they would deny everything. Forced to to appeal >80% of claims. 100% would win on appeal. Aetna now and no issues.
Looks like another double digit down day. That's 3 in 6 weeks. I think the Covid low was $188. I think it has 88% institutional ownership. If some of these start selling it could get really ugly.