Thursday, December 10, 2009
UnitedHealth Group (UNH) Update
UnitedHealth Group (UNH) broke over resistance today +$1.81 (6.35%) to $30.31, upside target near term is $33. UNH was a suggested BUY back on Oct. 9th @ $24.50 for Itz Pix Portfolio, up 23.7% in 8 weeks. One should consider some protection here, perhaps selling an out-of-the money call and using that money to by a put (Collar). I'll be likely looking at doing so in the near term, based on how the Senate health care bill develops.
*click chart to expand image