Benzinga's options scanner has just identified more than 8 option transactions on Unity Software (NYSE:U), with a cumulative value of $774,990. Concurrently, our algorithms picked up 2 puts, worth a total of 106,043.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $17.5 for Unity Software during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Unity Software stands at 2741.0, with a total volume reaching 3,040.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Unity Software, situated within the strike price corridor from $12.5 to $17.5, throughout the last 30 days.
Unity Software Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U | CALL | SWEEP | BULLISH | 08/16/24 | $1.53 | $1.52 | $1.53 | $16.00 | $295.5K | 1.0K | 1.5K |
| U | CALL | TRADE | BULLISH | 08/16/24 | $1.49 | $1.48 | $1.49 | $16.00 | $149.0K | 1.0K | 108 |
| U | CALL | SWEEP | BULLISH | 01/17/25 | $4.15 | $4.1 | $4.15 | $14.00 | $124.5K | 503 | 0 |
| U | PUT | SWEEP | BULLISH | 01/17/25 | $1.27 | $1.22 | $1.23 | $12.50 | $70.0K | 4.4K | 21 |
| U | CALL | SWEEP | BULLISH | 06/20/25 | $3.85 | $3.75 | $3.85 | $17.00 | $42.3K | 1.7K | 0 |
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.
Present Market Standing of Unity Software
- With a volume of 5,547,289, the price of U is up 3.88% at $16.32.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 23 days.
What Analysts Are Saying About Unity Software
In the last month, 2 experts released ratings on this stock with an average target price of $19.5.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Unity Software, targeting a price of $25.
- Maintaining their stance, an analyst from Macquarie continues to hold a Underperform rating for Unity Software, targeting a price of $14.
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.