Smart Money Is Betting Big In HUM Options - Humana (NYSE:HUM)

Core Insights - Investors are showing a bullish sentiment towards Humana (NYSE:HUM), with significant options trading activity indicating potential upcoming developments [1][2]. Options Trading Activity - Recent options trades for Humana revealed a split sentiment among big-money traders, with 50% bullish and 37% bearish positions [3]. - A total of 8 options trades were identified, including 1 put option valued at $45,900 and 7 call options totaling $272,380 [3]. - The major market movers are focusing on a price range between $230.0 and $280.0 for Humana over the past three months [4]. Volume and Open Interest Analysis - The average open interest for Humana options is 306.38, with a total trading volume of 160.00 [5]. - A detailed chart illustrates the trends in call and put option volume and open interest for high-value trades within the $230.0 to $280.0 strike price corridor over the last 30 days [5]. Noteworthy Options Activity - Specific options trades include: - A bullish call trade for a strike price of $230.00, totaling $75,000 [9]. - A bearish put sweep for a strike price of $255.00, amounting to $45,900 [9]. - Additional bullish call trades for strike prices of $250.00 and $255.00, with total values of $45,000 and $36,000 respectively [9]. Company Overview - Humana is one of the largest private health insurers in the U.S., specializing in government-sponsored programs, primarily Medicare, Medicaid, and Tricare [10]. - The company also offers various healthcare services, including primary care, at-home services, and pharmacy benefit management [10]. Market Standing and Analyst Insights - Recent analysis from two industry experts suggests an average target price of $273.5 for Humana [11]. - An analyst from Jefferies upgraded their rating to Buy with a price target of $313, while Barclays maintained an Equal-Weight rating with a target of $234 [12]. Current Market Data - Humana's trading volume is reported at 1,059,385, with the stock price at $257.33, reflecting a 0.26% increase [14]. - The stock may be approaching overbought conditions according to RSI indicators [14]. - An earnings announcement is anticipated in 61 days [14].