High-rolling investors have positioned themselves bullish on Unity Software U, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in U often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Unity Software. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $39,480, and 8 calls, totaling $366,696.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $38.0 for Unity Software during the past quarter.
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 $15.0 to $38.0, over the past month.
Unity Software Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U | CALL | SWEEP | NEUTRAL | 01/15/27 | $11.25 | $11.05 | $11.25 | $15.00 | $73.1K | 207 | 137 |
| U | CALL | SWEEP | BEARISH | 02/21/25 | $3.3 | $3.2 | $3.2 | $22.00 | $70.4K | 2.7K | 221 |
| U | CALL | TRADE | NEUTRAL | 01/15/27 | $12.45 | $9.65 | $11.2 | $15.00 | $56.0K | 207 | 50 |
| U | CALL | SWEEP | BEARISH | 01/17/25 | $1.9 | $1.85 | $1.85 | $25.00 | $55.5K | 12.2K | 408 |
| U | PUT | SWEEP | BULLISH | 01/17/25 | $7.15 | $7.05 | $7.05 | $28.00 | $39.4K | 458 | 75 |
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.
After a thorough review of the options trading surrounding Unity Software, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Unity Software Standing Right Now?
- Currently trading with a volume of 5,752,362, the U's price is down by -0.98%, now at $21.73.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 22 days.
Expert Opinions on Unity Software
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $15.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Macquarie keeps a Underperform rating on Unity Software with a target price of $15.
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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