Investors with a lot of money to spend have taken a bearish stance on Unity Software U.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with U, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Unity Software.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $39,710, and 7, calls, for a total amount of $429,742.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $42.0 for Unity Software over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Unity Software's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Unity Software's substantial trades, within a strike price spectrum from $20.0 to $42.0 over the preceding 30 days.
Unity Software Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| U | CALL | SWEEP | BEARISH | 05/17/24 | $27.00 | $166.3K | 712 | 231 |
| U | CALL | TRADE | BULLISH | 05/17/24 | $20.00 | $68.0K | 21 | 0 |
| U | CALL | SWEEP | BEARISH | 03/15/24 | $20.00 | $51.4K | 5 | 16 |
| U | CALL | SWEEP | BEARISH | 02/09/24 | $33.50 | $42.5K | 615 | 5.5K |
| U | CALL | TRADE | BEARISH | 05/17/24 | $20.00 | $40.6K | 21 | 80 |
About Unity Software
Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC and Other Americas, of which key revenue is derived from the EMEA region. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
In light of the recent options history for Unity Software, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Unity Software's Current Market Status
- With a volume of 3,346,906, the price of U is up 0.09% at $32.55.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 18 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Unity Software options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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