Unsure. Not even sure why others recovered when ACA extension is still likely to not occur despite recent headlines. I do recall $MOH is the most Medicaid focused that remains gutted from the BBB bill and that funding hole looks to remain going forward.

Well this didn't work out. Exited positions.

Had closed these shortly after open as the government shutdown resolution catalyst played out.

And back into $AMZN 2028 Leaps. Tariff news with China wasn't negative over the weekend like I expected and $AMZN remains the Megacap laggard.

Closed these positions. Could be we rally more but seems like a good moment to sell.

Sold these positions today as they have gone up all week. I believe the shutdown doesn't resolve quickly and healthcare has now run-up quite a bit.

Any thoughts as to why this would be done? I am missing how this is profitable or what the point would be?

Best guess is that this is the "semis bottom on bad earnings" type saying being applied to healthcare. Those still left to report won't be as terrible as $CNC earnings + guide down was.

$CNC earnings were garbage. The dump was due to that. Pump is that unlike every other Q2 healthcare earnings call, the market decided to listen to the 2026 margin recovery story.

Healthcare insurance likely bottomed as that was by far the worst healthcare insurer ER report and the sector rallied.

Good luck on it! I might re-add if we sell off into the earnings.

Just hard to justify $UNH P/E premium when negative articles are non-stop and peers are being sold at lower P/E ratios. Hit my max loss as well. Could very well be a bottom though.

Market doesn't want healthcare right now and uncertainty around the new bill's effect on what the risk pools look like in the next few years likely stops a bounce short term.

May be wrong but $ELV reaction just was the final straw for me.