UNH earnings

United health Group (UNH) earnings are on Friday, July 14th, 2023, at 5:55am. United health Group (UNH) reported Q1 March 2023 earnings of 6.26 per share on revenue of 91.9 billion. The consensus earnings estimate was 6.24 per share on revenue of 89.8 billion. Revenue grew 14.7% on a year-over-year basis. The company said it expects 2023 earnings of 24.50 to 25.00 per share. The company's previous guidance was earnings of 24.40 to 24.90 per share and the current consensus earnings estimate is 24.91 per share for the year ending December 31, 2023.

I'm posting this as a long because of the entry price, risk : reward setup today on Monday 7/10/23. UNH has been trading in a wide sideways range in 2023.

2023
high = 537
low = 445

Q2 June 2023 Consensus:
EPS = 6.03
Revenue = 90.97 B
PE = 21.1

Options data:

7/14 expiry
Put Volume Total 1,323
Call Volume Total 2,131
Put/Call Volume Ratio 0.62
Put Open Interest Total 15,222
Call Open Interest Total 8,357
Put/Call Open Interest Ratio 1.82

7/21 expiry
Put Volume Total 453
Call Volume Total 769
Put/Call Volume Ratio 0.59
Put Open Interest Total 15,911
Call Open Interest Total 26,227
Put/Call Open Interest Ratio 0.61

8/18 expiry
Put Volume Total 912
Call Volume Total 952
Put/Call Volume Ratio 0.96
Put Open Interest Total 13,545
Call Open Interest Total 11,440
Put/Call Open Interest Ratio 1.18

הערה:

7/12 UNH idea update:
7/21 expiry otm calls

הערה:

Huge buy limit wall at 452 or it's spoofing?

הערה:

Maybe that 452 buy limit wall is a short cover. Not sure we'll see.

הערה:

UNH 8/18 expiry calls at 452 idea

הערה:

UNH far dated expiry options data:

12/15/23 expiry
Put Volume Total 386
Call Volume Total 441
Put/Call Volume Ratio 0.88
Put Open Interest Total 5,130
Call Open Interest Total 8,608
Put/Call Open Interest Ratio 0.60

1/19/24 expiry
Put Volume Total 802
Call Volume Total 933
Put/Call Volume Ratio 0.86
Put Open Interest Total 24,770
Call Open Interest Total 28,655
Put/Call Open Interest Ratio 0.86

הערה:

UNH 7/13 update:
UNH price action is very bearish so far this week. Either the market has taken out all of the downside risk heading into earnings tomorrow morning or the market is preparing for a drop. Since I don't like this price action, I will regretfully get some 7/14 expiry throw away 430 puts to put a floor on any potential downside risk left while holding far dated expiry calls from my original long thesis yesterday entry 452.

הערה:

If there's IV crush with no price action tomorrow, then that will be helpful to add a position either way.

הערה:

Unitedhealth Group (UNH) reported Q2 June 2023 earnings of $6.14 per share on revenue of $92.9 billion. The consensus earnings estimate was $5.92 per share on revenue of $91.0 billion. Revenue grew 15.6% on a year-over-year basis.

The company said it now expects 2023 earnings of $24.7 to $25.00 per share. The company’s previous guidance was earnings of $24.50 to $25.00 per share and the current consensus earnings estimate is $24.76 per share for the year ending December 31, 2023.

הערה:

UNH 1 day chart TTCATR 20VWMA levels:

הערה:

Well 452 did wind up being a fantastic long entry after all. Sell 8/18 expiry calls at 502 exit. Hold a few longer.