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Veteran Trader Suggests Selling Puts on UnitedHealth (UNH)

Using an idea proposed by Prosper Trading Academy CEO Scott Bauer, traders can profit from UnitedHealth (UNH) staying around its current levels, Bauer said on Schwab Network recently.

During the same segment, Rick Ducat, Schwab's Lead Market Technician, analyzed the technical status of UNH.

[caption id="attachment_1195738" align="alignnone" width="1456"] A senior healthcare professional giving advice to a patient in a clinic.[/caption]

Bauer's Trading Idea

Traders should look into selling the $420 puts that expire on May 2 and selling the $430 puts that expire on the same day,...