UNH Options Signal Bullish Bias: Key Strikes and Trade Setups for Nov 28 Expiry

• UNH trades at $322.25, up 0.7% from open, with volume surging to 4.68M shares.
• Options OI shows heavy call buying at $330 and $370 strikes, while puts dominate at $310 and $300.
• RSI at 40.89 and MACD -8.99 hint at oversold conditions but no clear breakout.
• News mix: Board upgrades, Medicare cuts, and DOJ probe create a tug-of-war for sentiment.

Here’s the thing: UNH’s options market is screaming bullish right now. Call open interest (OI) is 47% higher than puts, with heavy concentration at $330 and $370 strikes. That’s not just noise—it’s a signal. Combine that with technicals pointing to a potential rebound and a dividend boost in two weeks, and you’ve got a setup worth dissecting. Let’s break it down.

The Options Imbalance: Why $330 and $310 Matter

The options chain for UNH is a chessboard. This Friday’s expiring calls see $330 (OI: 2,370) and $370 (OI: 3,164) as top contenders. Puts? $310 (OI: 3,103) and $300 (OI: 2,021) dominate. What does this mean? Traders are hedging downside risk while betting on a rebound above $330. The put/call ratio of 0.47 (calls > puts) isn’t just bullish—it’s aggressively so.

But here’s the catch: The RSI at 40.89 and MACD -8.99 suggest the stock is oversold but not yet ready to snap back. If the price breaks above the 30D support level at $320.84, those $330 calls could ignite. Conversely, a drop below $317.62 (intraday low) might trigger a scramble to the $310 puts. The Bollinger Bands (lower at $298.25) add a floor—don’t expect a freefall.

News vs. Options: A Tug-of-War for UNH’s Future

The headlines are a mixed bag. Dr. Scott Gottlieb’s board appointment is a regulatory win, but the DOJ probe and Medicare cuts cast shadows. Yet, the Q3 earnings beat and dividend hike ($2.10/share on Dec 17) are bullish anchors. Here’s the kicker: The options market isn’t pricing in the worst-case DOJ scenario. That’s your clue—volatility is low, but the news could spike it if the probe escalates.

Investor sentiment is split. The Medicare membership drop worries short-term revenue, but the 2026 plan rollout and digital shopping platform hint at long-term resilience. For now, the market is betting on management’s ability to navigate these headwinds—hence the call-heavy OI.

Trade Ideas: Calls, Puts, and Price Levels to Watch

If you’re bullish, UNH251128C00330000 (Nov 28 $330 call) is your play. Entry: $322.25. Target: Break above $325.85 (intraday high) to trigger a rally toward $330. Stop-loss: $317.62 (intraday low). Why this strike? The $330 OI is a magnet—price could snap to it like a rubber band.

Bearish? UNH251128P00310000 (Nov 28 $310 put) offers downside protection. Entry: $319.97 (prev close). Target: $310 if the DOJ probe flares. Stop-loss: $322.25. But don’t ignore the 30D support at $320.84—it’s a critical line in the sand.

For stock traders, consider entry near $320.84 (30D support). If it holds, target $330–$335. If it breaks, $310 becomes a hard floor. A collar strategy—buying the $330 call and $310 put—could lock in gains while capping losses.

Volatility on the Horizon: What’s Next for UNH?

The next two weeks are pivotal. The Nov 28 expiry could see a price pop if the $330 calls get exercised. But the DOJ probe and Medicare membership debate could derail that. Keep an eye on the 200D MA at $370.59—it’s a long-term ceiling, but the stock isn’t close to it yet.

Bottom line: UNH is in a tightrope walk between optimism and caution. The options market is leaning bullish, but the news flow keeps the floor shaky. If you’re in, play it smart—set tight stops and watch those key levels. This isn’t a one-way bet, but the data says now is the time to act.