Behind the Scenes of Unity Software's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bearish stance on Unity Software.

Looking at options history for Unity Software U we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $280,713 and 3, calls, for a total amount of $157,010.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.0 to $35.0 for Unity Software over the recent three months.

Volume & Open Interest Trends

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 $22.0 to $35.0 in the last 30 days.

Unity Software 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
U CALL TRADE BEARISH 06/21/24 $1.93 $1.88 $1.89 $27.00 $94.5K 896 533
U PUT SWEEP BULLISH 11/15/24 $2.69 $2.67 $2.69 $22.00 $83.9K 130 651
U PUT SWEEP NEUTRAL 01/16/26 $13.85 $11.95 $12.85 $35.00 $75.8K 404 39
U PUT SWEEP BEARISH 06/21/24 $2.75 $2.71 $2.75 $26.00 $55.0K 976 609
U PUT SWEEP BULLISH 11/15/24 $2.7 $2.66 $2.66 $22.00 $39.9K 130 801

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

  • Currently trading with a volume of 2,370,831, the U's price is down by -0.47%, now at $25.37.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 2 days.

What Analysts Are Saying About Unity Software

In the last month, 1 experts released ratings on this stock with an average target price of $33.5.

  • An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $33.

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.

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Posted In: OptionsMarketsBZI-UOA
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