MO - UNH Pairs Trade
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1 position on this trade
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1 active position
Nick Powell: MO - UNH — “FDA Commissioner Makary's resignation removes an aggressive regulator known for pushing strict vaping and e-cigarette policies that impacted tobacco industry margins. Makary was particularly contentious over nicotine regulations and anti-tobacco activism. Deputy Commissioner Kyle Diamantas assumes interim role with policy direction uncertain until a permanent replacement is confirmed and seated (likely 2-6 month process). This creates a regulatory uncertainty window where Altria (MO) benefits from reduced enforcement intensity on vaping/nicotine products and potential policy rollbacks under interim leadership. UnitedHealth (UNH), a diversified healthcare insurer, faces no direct benefit from FDA leadership changes and remains exposed to broader healthcare cost inflation, reimbursement pressure, and regulatory headwinds in insurance/PBM space. Pairs trade captures the tobacco regulatory relief beneficiary (MO) vs. healthcare diversified player with no upside from FDA transition (UNH). News-driven edge is highest in the first 4 weeks before permanent FDA commissioner confirmation establishes new policy direction. 1-month duration captures the interim leadership window where regulatory uncertainty favors tobacco players while permanent successor is being vetted.”
Entry: 2026-05-13 · MO @ $71.54 / UNH @ $401.16
Exit: 2026-06-15 · MO @ $69.59 / UNH @ $411.04
Prices delayed ~15 min
| Date | MO | UNH | Net | ||
|---|---|---|---|---|---|
| 2026-05-13 | $71.54 | +0.00% | $401.16 | +0.00% | +0.00% |
| 2026-05-14 | $72.41 | +1.22% | $399.09 | +0.52% | +0.87% |
| 2026-05-15 | $73.09 | +2.17% | $393.85 | +1.82% | +1.99% |
| 2026-05-18 | $73.72 | +3.05% | $391.13 | +2.50% | +2.77% |
| 2026-05-19 | $74.00 | +3.44% | $389.24 | +2.97% | +3.21% |
| 2026-05-20 | $73.33 | +2.50% | $383.30 | +4.45% | +3.48% |
| 2026-05-21 | $73.71 | +3.03% | $382.48 | +4.66% | +3.84% |
| 2026-05-22 | $73.90 | +3.30% | $388.47 | +3.16% | +3.23% |
| 2026-05-26 | $72.37 | +1.16% | $376.86 | +6.06% | +3.61% |
| 2026-05-27 | $72.11 | +0.80% | $384.01 | +4.28% | +2.54% |
| 2026-05-28 | $71.97 | +0.60% | $382.53 | +4.64% | +2.62% |
| 2026-05-29 | $69.58 | -2.74% | $380.31 | +5.20% | +1.23% |
| 2026-06-01 | $68.65 | -4.04% | $379.86 | +5.31% | +0.63% |
| 2026-06-02 | $69.24 | -3.21% | $377.92 | +5.79% | +1.29% |
| 2026-06-03 | $70.30 | -1.73% | $377.00 | +6.02% | +2.14% |
| 2026-06-04 | $70.60 | -1.31% | $396.47 | +1.17% | -0.07% |
| 2026-06-05 | $72.19 | +0.91% | $399.47 | +0.42% | +0.66% |
| 2026-06-08 | $71.29 | -0.35% | $406.57 | -1.35% | -0.85% |
| 2026-06-09 | $71.56 | +0.03% | $413.00 | -2.95% | -1.46% |
| 2026-06-10 | $73.13 | +2.22% | $407.46 | -1.57% | +0.33% |
| 2026-06-11 | $71.41 | -0.18% | $405.55 | -1.09% | -0.64% |
| 2026-06-12 | $71.94 | +0.56% | $408.52 | -1.83% | -0.64% |
| 2026-06-15 | $69.59 | -2.73% | $411.04 | -2.46% | -2.59% |