UNH is approaching a broad structural support region I’ve been tracking -- a wide zone from $239 down to $186, where (for me) the stock begins to offer compelling risk/reward and long-term value. Momentum, IMO, is still decisively lower, but we’re nearing levels where I start preparing.
The midpoint of the “Buy Zone” near $213 reflects a potential average cost area I’d be very comfortable building from, depending on how price behaves as it enters the zone.
I’ll look to initiate exposure through long-dated call options (LEAPS) -- as I’ve started doing in
CNC -- once the setup begins to stabilize. From there, I’ll begin layering in short puts at ownership levels that align with the broader structure. If assigned, I’ll own where I intended. If not, I’m collecting premium to help finance the LEAPS.
I’m not in the business of calling exact bottoms… this is about building a position that respects time, structure, and flexibility -- anticipating a slow grind higher over the next 12–18 months. Stay tuned.
The midpoint of the “Buy Zone” near $213 reflects a potential average cost area I’d be very comfortable building from, depending on how price behaves as it enters the zone.
I’ll look to initiate exposure through long-dated call options (LEAPS) -- as I’ve started doing in
CNC -- once the setup begins to stabilize. From there, I’ll begin layering in short puts at ownership levels that align with the broader structure. If assigned, I’ll own where I intended. If not, I’m collecting premium to help finance the LEAPS.I’m not in the business of calling exact bottoms… this is about building a position that respects time, structure, and flexibility -- anticipating a slow grind higher over the next 12–18 months. Stay tuned.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.