Unity Software's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bullish move on Unity Software. Our analysis of options history for Unity Software U revealed 11 unusual trades.

Delving into the details, we found 72% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $424,837, and 2 were calls, valued at $55,700.

Latest Startup Investment Opportunities:

Projected Price Targets

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 $41.0 for Unity Software over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Unity Software options trades today is 2053.8 with a total volume of 3,220.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Unity Software's big money trades within a strike price range of $35.0 to $41.0 over the last 30 days.

Unity Software 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
U PUT SWEEP BULLISH 05/17/24 $37.00 $68.6K 1.8K 143
U PUT SWEEP BULLISH 06/21/24 $35.00 $68.3K 2.7K 543
U PUT SWEEP BULLISH 06/21/24 $35.00 $54.1K 2.7K 680
U PUT SWEEP BEARISH 02/16/24 $41.00 $51.9K 850 1
U PUT SWEEP BULLISH 06/21/24 $35.00 $51.2K 2.7K 391

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.

Current Position of Unity Software

  • With a trading volume of 5,591,124, the price of U is down by -2.02%, reaching $36.3.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 47 days from now.

Professional Analyst Ratings for Unity Software

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $36.0.

  • An analyst from Piper Sandler downgraded its action to Underweight with a price target of $35.
  • In a cautious move, an analyst from HSBC downgraded its rating to Hold, setting a price target of $37.

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.

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UUnity Software Inc
$25.151.45%

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Edge Rankings
Momentum
86.02
Growth
14.39
Quality
Not Available
Value
20.93
Price Trend
Short
Medium
Long
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