Given the potential breadth of upside, retail investors may consider a straightforward approach of acquiring UNH stock in the open market. However, for speculators interested in leverage, market makers appear to be offering a rather generous payout for the 310/320 bull call spread expiring Oct. 17.

Shares of UnitedHealth Group opened at their lowest point since early 2020 as the health insurance giant's second-quarter profit came in worse than analysts had forecast.

UnitedHealth Group has attracted major contrarian investors like Buffett, Burry, and Simons. Click here to read why UNH stock is a Buy.

Billionaires Warren Buffett and David Tepper and "Big Short" Investor Michael Burry Just Bought UnitedHealth Group Stock. Should You? Buffett, Tepper, and Burry bought shares of UnitedHealth Group in Q2. The stock is popular with these wealthy investors because of its attractive valuation.

UnitedHealth Group on Thursday confirmed several reports in recent months that the Department of Justice is probing aspects of its business.

I initiate my coverage on UNH with a hold rating. Despite attractive valuation, with the P/E near 2014 levels and EV/EBITDA ~30% below sector median,