TBO - UNH Update 8-5

8-5

Traders are reporting taking off UNH at ~0.45. Stock has bounced since then. Be on guard for continued rollover.

BEARISH– Selling CALL Vertical

UNH $410

Consider selling the UNH 14AUG 430-440 CALL spread for roughly $1.10(min $0.90) with stock BELOW $411 (current $410)

Consider UNH 14AUG 430-440 CS

Risk: $10 vertical spread less premium collected of spread of $1.10 = $8.90 of risk

Max reward is $1.10

ATR: $11.56

Straddle: $16.45

Morph levels: Stock ABOVE $427.34 (7/30 High) consider making an adjustment with market that is moving HIGHER!