27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Unity Software.
Looking at options history for Unity Software (NYSE:U) we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 84% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $1,847,054 and 3, calls, for a total amount of $93,122.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $110.0 for Unity Software over the last 3 months.
Volume & Open Interest Development
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 $35.0 to $110.0 in the last 30 days.
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 | 01/20/23 | $110.00 | $634.6K | 757 | 188 |
| U | PUT | TRADE | BEARISH | 01/20/23 | $110.00 | $342.6K | 757 | 47 |
| U | PUT | TRADE | BEARISH | 01/20/23 | $110.00 | $320.9K | 757 | 94 |
| U | PUT | TRADE | BEARISH | 01/20/23 | $105.00 | $265.5K | 297 | 139 |
| U | PUT | TRADE | BEARISH | 01/20/23 | $110.00 | $87.5K | 757 | 200 |
Where Is Unity Software Standing Right Now?
- With a volume of 3,834,983, the price of U is down -7.01% at $36.36.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 85 days.
What The Experts Say On Unity Software:
- Stifel has decided to maintain their Buy rating on Unity Software, which currently sits at a price target of $100.
- Piper Sandler has decided to maintain their Overweight rating on Unity Software, which currently sits at a price target of $55.
- Credit Suisse has decided to maintain their Outperform rating on Unity Software, which currently sits at a price target of $137.
- Morgan Stanley has decided to maintain their Overweight rating on Unity Software, which currently sits at a price target of $50.
- Daiwa Capital downgraded its action to Neutral with a price target of $34
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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