UNH: collect $215 (0.8%) premium on this covered call with strike at $265.
Contract expires in 3 weeks on 22nd Aug.
UNH had another breakdown last week after closing 15.4% lower. Till date, it's down 60+% off its high made in Nov 2024 and it's 3rd round of double digits weekly falls.
Profits are slowing, cost runs higher, senior managements changing hands, legal lawsuits and probing by authorities all may have contributed to its bearish views, but most importantly is investors sentiments on the viability on this business and its ability to turn a profit as it uses to do.
My long positions are taking a large hair cut so each covered call sold helps reduce the losses on these positions.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 2.15 1Lot(s) | -- Closed |
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- miffsy·2025-08-04Kinda scaryLikeReport