High-rolling investors have positioned themselves bearish 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 16 options trades for Unity Software. This is not a typical pattern.
The sentiment among these major traders is split, with 43% bullish and 56% bearish. Among all the options we identified, there was one put, amounting to $53,614, and 15 calls, totaling $1,109,582.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $42.0 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 $20.0 to $42.0 in the last 30 days.
Unity Software Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| U | CALL | TRADE | BEARISH | 05/17/24 | $34.00 | $441.8K | 1.8K | 1.0K |
| U | CALL | SWEEP | BULLISH | 03/15/24 | $35.00 | $149.9K | 1.9K | 100 |
| U | CALL | SWEEP | BULLISH | 03/01/24 | $35.00 | $70.5K | 1.0K | 367 |
| U | CALL | SWEEP | BULLISH | 05/17/24 | $34.00 | $57.5K | 1.8K | 115 |
| U | CALL | TRADE | BEARISH | 03/01/24 | $37.00 | $54.0K | 151 | 323 |
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.
In light of the recent options history for Unity Software, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Unity Software
- With a volume of 4,741,147, the price of U is up 1.32% at $33.85.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 17 days.
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 Unity Software, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
