United Healthcare shares are up 25c to $30.10 and a notable trade was the May $31/ June $32 call spread traded 1993x (total 2010 now) on ISE, in what appears to be a roll up and out. ISEE data is consistent with 50 percent opening customer buyers. Shares are down 3.6 percent since the company reported earnings on 4/20 and this strategist might be adjusting a bullish trade, now looking for a move back beyond $32 by the June expiration.

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