Tuesday Highlights: Significant Options Activity in CNC, TECH, UNH

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On October 10, 2023, notable trading activity was observed among S&P 500 components, particularly in Centene Corp (CNC), which saw a total of 32,950 contracts traded, equivalent to approximately 3.3 million underlying shares. This volume represents 67.4% of CNC’s average daily trading volume of 4.9 million shares over the past month, with the $30 strike put option expiring on April 10, 2026, totaling 19,999 contracts.

Bio-Techne Corp (TECH) reported a trading volume of 15,116 contracts, representing about 1.5 million underlying shares, amounting to 62.4% of its average daily volume of 2.4 million shares. The $60 strike call option expiring April 17, 2026, accounted for 5,055 contracts.

UnitedHealth Group Inc (UNH) experienced a trading volume of 39,170 contracts, or 3.9 million underlying shares, which is 47.5% of UNH’s average daily volume of 8.3 million shares. The $300 strike call option for April 17, 2026, saw 2,172 contracts traded.

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