UNH has pulled back almost 6% the past 2 trading sessions, of which yesterday alone was -4.35%. While manage to fetch a better premium compared to if would have opened this contract last Friday, this contract is still a tad too early into the trade as the share price dips a fair bit further. Anyway, while the $500 level is a strong support , with this gap down, there's a possibility that UNH may try test the previous swing low at $485 level. $UNH 20250221 485.0 PUT$ which is where have place the strike at. Will probably pick up the underlying if do given assignment of the shares if the strike is breached at expiration.
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