UNH, the dominate health insurance market leader LONG

Jan 29, 2024

As shown on the 4H chart, UNH based on a long-term VWAP band setup, it as fiar value for the

first time since September. This dip is significant as price fell from a head and shoulders pattern

of three months duration. The candles in the past couple of days show the reversal at the

mean VWAP support. I have retrieved 60% out of a near term expiration call option. Some may

say this is simply a death cross on a pair of moving averages with a bit of correction on the

overall downtrend. I understand that point of view. Notwithstanding that perspective,

healthcare is expected to be an outperforming sector in 2024. UNH is on sale. As a healthcare

provider, it has paid me large sums in the historical past. I will take trades as described

in the text box on the chart. I believe buying out of the money and at a discount will be

a good strategy for this megacap moving forward.

Feb 4, 2024

Trade active

Slow moving grind toward upside. Full position no adds.