UNH: sold 200 shares at average price of $310 per share. This consist of selling 100 shares at $290 and another $100 at $330.
Both selling trigger were the result of short call being exercised 1 week ahead of time by the counterparty.
They were both committed through short calls with strike $290 and $330 expiring on 19th Fri which still have 1 week of duration left to run.
Will be looking to close the share trade and perhaps reinstate the short calls positions.
The long calls were still intact and are profitable so these are not losing trades, just that trades need some adjustment to reinstate back to intended trading structure.
UNH had a good run up and close at $352.51 for the week. I can understand why the counterparty decided to exercise the long calls and buy in their shares to secure positions in the counter.
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- DeltaDrift·09-16So still in a bullish position in UNH? Adding more time value into your trade?LikeReport
- ClarenceNehemiah·09-14Sounds like a smart moveLikeReport