United Health (UNH) Offering Possible 13.64% Return Over the Next 9 Calendar Days

United Health's most recent trend suggests a bullish bias. One trading opportunity on United Health is a Bull Put Spread using a strike $245.00 short put and a strike $240.00 long put offers a potential 13.64% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $245.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $240.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for United Health is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for United Health is bearish.

The RSI indicator is at 51.12 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for United Health

Eli Lilly lowers insulin costs as coronavirus crisis deepens
Tue, 07 Apr 2020 10:33:57 +0000
Drugmaker Eli Lilly & Co said on Tuesday it has capped the out-of-pocket cost for insulin to $35 per month to help diabetes patients across the United States, many of whom are facing financial difficulties due to the coronavirus outbreak. The new co-pay scheme covers most of Lilly's insulins, including widely-used Humalog injection, and can be availed by people with commercial insurance as well as those without insurance. “Enabling a $35-per-month insulin co-pay regardless of employment status will help many Americans in this difficult time,” said CEOs Aaron Kowalski and Thom Scher of non-profit organization JDRF-Beyond Type 1 Alliance.

UnitedHealthcare Turns Cafeteria Into Meal-Prep Base For Greensboro Residents in Need
Mon, 06 Apr 2020 22:24:00 +0000
Many Greensboro families will have access to free, healthy meals, as UnitedHealthcare of North Carolina reallocates its campus cafeteria staff to provide 6,000 meals each week, at least for the next seven weeks. The effort comes as nonprofits report massive increases in the number of families needing help in accessing food.

Team Health Holdings, Inc. — Moody's downgrades Team Health's CFR to Caa2; outlook negative
Mon, 06 Apr 2020 19:09:11 +0000
Moody's also downgraded Team Health's senior secured term loan and revolving credit facility's ratings to Caa1 from B2 and unsecured notes' rating to Ca from Caa2. The downgrade of Team Health's ratings reflects an expectation of a severe decline in revenue and cash flow in the coming weeks due to reduction in emergency room services demand and postponement of elective procedures amid the continuing COVID-19 outbreak.

Envision Healthcare Corporation — Moody's downgrades Envision Healthcare's CFR to Caa2; outlook changed to negative
Mon, 06 Apr 2020 18:54:11 +0000
Moody's Investors Service (“Moody's”) today downgraded the ratings on Envision Healthcare Corporation (“Envision”), including the corporate family rating (“CFR”) to Caa2 from B3 and probability of default rating to Caa2-PD from B3-PD. The rating agency also downgraded Envision's instrument ratings, including the ABL facility rating to B1 from Ba2, the ratings on the senior secured revolving credit facility and term loan to Caa1 from B2, and the rating on the unsecured notes to Ca from Caa2. The downgrade of the CFR to Caa2 reflects significant volume declines across Envision's physician staffing subspecialties and ambulatory surgery centers (ASCs) that will weaken earnings and liquidity.

Health Plan of Nevada and Southwest Medical Associates Turn Headquarters Cafeteria into Meal Prep Base for Those in Need
Mon, 06 Apr 2020 16:00:00 +0000
Thousands of Las Vegas area homeless will have access to healthy meals, as UnitedHealth Group’s Southern Nevada-based companies─ Health Plan of Nevada, Southwest Medical Associates and OptumCare─ reallocate their campus cafeteria staff to provide 10,500 meals each week, at least through the end of April. The effort comes as nonprofits report massive increases in the number of people needing help in accessing food.

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