Investors with a lot of money to spend have taken a bullish 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 9 uncommon options trades for Unity Software.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $217,907, and 6 are calls, for a total amount of $378,832.
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 $10.0 to $33.0 for Unity Software over the last 3 months.
Volume & Open Interest Development
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 $10.0 to $33.0, over the past month.
Unity Software Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U | PUT | SWEEP | BEARISH | 11/15/24 | $5.9 | $5.8 | $5.9 | $21.00 | $156.9K | 1.6K | 0 |
| U | CALL | SWEEP | BULLISH | 11/15/24 | $4.25 | $4.2 | $4.25 | $13.00 | $121.5K | 148 | 0 |
| U | CALL | SWEEP | BULLISH | 12/20/24 | $4.7 | $4.55 | $4.65 | $13.00 | $103.2K | 398 | 0 |
| U | CALL | SWEEP | BULLISH | 09/20/24 | $3.1 | $3.05 | $3.1 | $14.00 | $48.9K | 67 | 0 |
| U | CALL | SWEEP | BEARISH | 01/16/26 | $4.25 | $4.2 | $4.2 | $20.00 | $42.0K | 5.1K | 52 |
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.
Following our analysis of the options activities associated with Unity Software, we pivot to a closer look at the company's own performance.
Unity Software's Current Market Status
- With a trading volume of 3,109,921, the price of U is up by 1.45%, reaching $16.04.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 29 days from now.
What Analysts Are Saying About Unity Software
In the last month, 2 experts released ratings on this stock with an average target price of $19.5.
- An analyst from Macquarie has decided to maintain their Underperform rating on Unity Software, which currently sits at a price target of $14.
- An analyst from Stifel persists with their Buy rating on Unity Software, maintaining a target price of $25.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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