MO - UNH Pairs Trade

+1.52%

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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: May 13, 2026, 8:00 AM · MO @ $69.60 / UNH @ $395.60
Today: May 15, 2026, 8:00 AM · MO @ $72.01 / UNH @ $397.31
Prices delayed ~15 min

DateMOUNHNet
May 13, 8:00 AM$69.60+0.00%$395.60+0.00%+0.00%
May 13, 9:00 AM$69.53-0.10%$393.02+0.65%+0.28%
May 13, 10:00 AM$69.59-0.01%$393.70+0.48%+0.23%
May 13, 11:00 AM$69.69+0.13%$394.53+0.27%+0.20%
May 13, 12:00 PM$69.56-0.06%$393.90+0.43%+0.19%
May 13, 1:00 PM$69.65+0.07%$393.09+0.63%+0.35%
May 13, 1:30 PM$71.00+2.01%$401.21-1.42%+0.30%
May 13, 2:30 PM$71.10+2.15%$400.00-1.11%+0.52%
May 13, 3:30 PM$70.98+1.99%$399.00-0.86%+0.56%
May 13, 4:30 PM$71.19+2.28%$400.60-1.26%+0.51%
May 13, 5:30 PM$71.08+2.13%$401.40-1.47%+0.33%
May 13, 6:30 PM$71.46+2.67%$401.44-1.48%+0.60%
May 13, 7:30 PM$71.56+2.82%$401.11-1.39%+0.71%
May 13, 8:00 PM$71.75+3.09%$400.65-1.28%+0.91%
May 13, 9:00 PM$71.50+2.73%$400.60-1.26%+0.73%
May 13, 10:00 PM$71.63+2.92%$400.67-1.28%+0.82%
May 13, 11:00 PM$71.63+2.92%$400.61-1.27%+0.83%
May 14, 8:00 AM$71.02+2.04%$399.32-0.94%+0.55%
May 14, 9:00 AM$71.06+2.10%$400.03-1.12%+0.49%
May 14, 10:00 AM$71.55+2.80%$401.00-1.37%+0.72%
May 14, 11:00 AM$71.31+2.46%$401.45-1.48%+0.49%
May 14, 12:00 PM$71.55+2.80%$401.91-1.59%+0.60%
May 14, 1:00 PM$71.89+3.29%$402.06-1.63%+0.83%
May 14, 1:30 PM$72.18+3.70%$397.37-0.45%+1.63%
May 14, 2:30 PM$72.30+3.88%$398.27-0.67%+1.60%
May 14, 3:30 PM$72.27+3.84%$399.02-0.86%+1.49%
May 14, 4:30 PM$72.20+3.74%$398.74-0.79%+1.47%
May 14, 5:30 PM$71.97+3.41%$400.33-1.20%+1.10%
May 14, 6:30 PM$72.08+3.56%$400.31-1.19%+1.19%
May 14, 7:30 PM$72.40+4.03%$399.13-0.89%+1.57%
May 14, 8:00 PM$72.37+3.98%$398.91-0.84%+1.57%
May 14, 9:00 PM$72.34+3.94%$398.75-0.80%+1.57%
May 14, 10:00 PM$72.35+3.95%$398.71-0.79%+1.58%
May 14, 11:00 PM$72.10+3.59%$398.30-0.68%+1.45%
May 15, 8:00 AM$72.01+3.46%$397.31-0.43%+1.52%