Moderately bullish activity in UnitedHealth (UNH), with shares up $5.37, or 1.59%, near $342.06. Options volume relatively light with 191k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 0.8 points near 35.92,and above the 52wk median, suggesting an expected daily move of $7.74. Put-call skew steepened, indicating increased demand for downside protection.
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