Unpacking the Latest Options Trading Trends in Unity Software

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 trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Unity Software.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $286,964, and 8 are calls, for a total amount of $312,361.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.0 to $48.0 for Unity Software over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Unity Software's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Unity Software's whale activity within a strike price range from $27.0 to $48.0 in the last 30 days.

Unity Software Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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

Where Is Unity Software Standing Right Now?

• Currently trading with a volume of 9,933,728, the U's price is down by -0.71%, now at $29.3.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 82 days.

Expert Opinions on Unity Software

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $26.6.

• An analyst from Macquarie downgraded its action to Neutral with a price target of $20.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Unity Software, targeting a price of $22.
• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Unity Software, targeting a price of $31.
• An analyst from Piper Sandler persists with their Neutral rating on Unity Software, maintaining a target price of $20.
• An analyst from Needham persists with their Buy rating on Unity Software, maintaining a target price of $40.

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.