Rank #2 in Official Top 20Official AM Publication15-Min Delayed Feed
UNH $385.00 Cash-Secured Put
UnitedHealth Group Inc. (Health Care) • Expiring 2026-11-06 (18 calendar days) • OCC: UNH261106P00385000
Annualized Yield
28.4%
$5.39 bid ($539 premium upfront)
Downside Cushion
4.8%
$379.61 breakeven vs $404.32 spot
Cash Collateral
$38,500
100 shares reserved at $385.00 strike
Assignment Risk & Payoff Reality
If UNH closes below $385.00 on Nov 6, 2026, you'll buy 100 shares at $385.00, effectively $379.61 after the income. Losses grow the further it falls.
Downside cushion measures the distance from spot price to strike.