+1144% Gain on UNH $300 Put in One Day – A Breakdown of the Setup and Exit
This was one of those textbook plays where timing, volatility, and technicals all lined up.
Ticker: UNH
Option: $300 Put expiring 5/16
Entry: 5/14, cost $2.88
Exit (Current Value): 5/15, now worth $35.80
Return: +1144%, or +$3,295 on a single contract
Underlying price move: Dropped from \~$297 to \~$264 in under 24 hours
UNH showed technical weakness on the daily — lost key moving averages, low volume bounce prior week
Market had healthcare under pressure, and this was a pure momentum pl... more