Financial giants have made a conspicuous bearish move on Unity Software. Our analysis of options history for Unity Software U revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $214,759, and 4 were calls, valued at $156,196.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $55.0 for Unity Software over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Unity Software's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Unity Software's significant trades, within a strike price range of $25.0 to $55.0, over the past month.
Unity Software Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| U | PUT | TRADE | BEARISH | 06/21/24 | $25.00 | $89.4K | 2.0K | 0 |
| U | CALL | SWEEP | BEARISH | 06/21/24 | $28.00 | $61.1K | 93 | 180 |
| U | PUT | SWEEP | BULLISH | 08/16/24 | $44.00 | $57.6K | 6 | 43 |
| U | CALL | SWEEP | BEARISH | 06/21/24 | $28.00 | $43.4K | 93 | 27 |
| U | PUT | TRADE | BEARISH | 02/16/24 | $36.00 | $37.5K | 2.5K | 0 |
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.
Having examined the options trading patterns of Unity Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Unity Software
- With a trading volume of 3,850,479, the price of U is down by -5.37%, reaching $32.27.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 13 days from now.
Professional Analyst Ratings for Unity Software
1 market experts have recently issued ratings for this stock, with a consensus target price of $20.0.
- An analyst from Macquarie has revised its rating downward to Underperform, adjusting the price target to $20.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Unity Software with Benzinga Pro for real-time alerts.
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