Whales with a lot of money to spend have taken a noticeably bullish stance on Unity Software.
Looking at options history for Unity Software (NYSE:U) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $104,852 and 5, calls, for a total amount of $237,725.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $25.0 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 $15.0 to $25.0, over the past month.
Unity Software Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U | CALL | SWEEP | BEARISH | 08/16/24 | $0.72 | $0.7 | $0.7 | $19.00 | $67.1K | 906 | 62 |
| U | CALL | SWEEP | BULLISH | 01/17/25 | $3.1 | $3.0 | $3.1 | $16.00 | $53.6K | 371 | 30 |
| U | PUT | TRADE | BEARISH | 01/17/25 | $9.9 | $9.85 | $9.89 | $25.00 | $49.4K | 9.1K | 3 |
| U | CALL | SWEEP | BULLISH | 01/17/25 | $1.73 | $1.69 | $1.73 | $20.00 | $48.4K | 2.6K | 69 |
| U | CALL | TRADE | BEARISH | 01/17/25 | $3.75 | $3.65 | $3.66 | $15.00 | $36.6K | 259 | 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.
Following our analysis of the options activities associated with Unity Software, we pivot to a closer look at the company's own performance.
Current Position of Unity Software
- Currently trading with a volume of 5,389,375, the U's price is down by -4.14%, now at $15.41.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 41 days.
What The Experts Say On Unity Software
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $25.0.
- An analyst from Stifel has decided to maintain their Buy rating on Unity Software, which currently sits at a price target of $25.
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.