It’s time to sell the United Healthcare June 2017 140 straddle for a 20% plus profit.  The call seems to have topped out in price while the put is too far behind to make up the difference at this point, so it’s time to take the remaining profit and run. 

I’ll have more in this weekend’s BTP Weekly.

United Healthcare (NYSE: UNH) June 2017 Straddle

Sell – United Healthcare June 2017 140 Call Option (UNH_170616C0014000) – Bought 11/17/16 at $16 – 1/4/17 early morning price $22.95

Sell – United Healthcare June 2017 140 Put Option (UNH_17061600P14000) – Bought 11/17/16 at $5.65 – 1/4/17 closing price $3.45.

Initial Straddle Value:  $21.65.  1/4/17 early morning value $26.40.  Return 21.99%.

I have a position in this straddle.