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sentiment,chart,options) was the center of some heavy options trading on Wednesday, as more than 53,200 contracts changed hands. This volume was more than three times the equity's average daily trading volume of 17,300 contracts, according to data from WhatsTrading.com. In addition, 66% of the volume changed hands on the call side. In the front three months of options, the most active strike was the November 75 call, which added approximately 1,300 new positions to lift its open interest up to nearly 2,300 contracts.Overall, options players remain skeptical of the shares. The International Securities Exchange (ISE) continues to see a preference for puts over calls. The ISE 10-day put/call volume ratio comes in at 0.71, which is higher than 57% of all those taken during the past year. In addition, the Schaeffer's put/call open interest ratio stands at 1.14, as put open interest outnumbers call open interest among options slated to expire in less than three months. This reading is higher than 98% of all those taken during the past year. In other words, options players have been more skeptical of the shares only 2% of the time during the past 12 months.
Short sellers are also adding to their bearish bets. During the past month, the number of UNH shares sold short rose nearly 24% to 21 million. This accumulation of bearish bets is more than five times the stock's average daily trading volume and accounts for nearly 3% of the company's total float.
Source:
Schaeffersresearch
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