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UnitedHealth Group Incorporated Message Board

  • electronictransfer electronictransfer Dec 12, 2013 4:09 PM Flag

    Wow, look at the large movement in the options today

    I wonder if that was a purchase or a sale.

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    • I wouldn't call it a "large" purchase but I bought back (at a loss) the $80 2015 covered calls I sold last summer ...
      I was never that happy with my $80 strike price and I thought I may as well take the loss and write it off against some 2013 gains .. Then... Wait 31 days and (I am lucky) resell some 2016's at a higher strike price....
      I have been pretty lucky with UNH ...
      One thing I have noticed is that over the last several years the share price has popped a bit in the first part of January ... I hope we get a pop like that this year

      • 1 Reply to srlabelle2000
      • I was talking about the 8,000+ call options DEC 21 13 $72.5...seems like someone bought back some of their calls at that strike. The open interest declined and it is declining along with the price decline. That usually means the bottom is being set, and I smell a reversal and I see a move up by next week.
        I saw the same thing with price pop in January and limped in yesterday with some call buying and put selling. Looks like the typical move up into early Jan and then a slight pull back end of Jan, and then back up to BLOW past the $75 ceiling. Ok, so I am optimistic. Good luck

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