Deep-pocketed investors have adopted a bullish approach towards Unity Software U, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in U usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Unity Software. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 20% bearish. Among these notable options, 5 are puts, totaling $153,595, and 5 are calls, amounting to $359,127.
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 $19.0 to $40.0 for Unity Software during the past quarter.
Volume & Open Interest Trends
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 $19.0 to $40.0, over the past month.
Unity Software Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U | CALL | SWEEP | BULLISH | 11/15/24 | $6.75 | $6.65 | $6.75 | $19.00 | $141.0K | 437 | 0 |
| U | CALL | SWEEP | BULLISH | 09/20/24 | $6.1 | $6.05 | $6.1 | $19.00 | $71.3K | 457 | 0 |
| U | CALL | SWEEP | BEARISH | 11/15/24 | $2.8 | $2.75 | $2.75 | $29.00 | $63.2K | 375 | 230 |
| U | PUT | TRADE | BULLISH | 01/17/25 | $17.75 | $17.4 | $17.42 | $40.00 | $43.5K | 2.2K | 0 |
| U | CALL | SWEEP | BULLISH | 11/15/24 | $5.8 | $5.7 | $5.79 | $21.00 | $42.3K | 3 | 1 |
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.
Having examined the options trading patterns of Unity Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Unity Software Standing Right Now?
- Trading volume stands at 1,642,320, with U's price down by -3.1%, positioned at $22.84.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 14 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 |
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