Someone with a lot of money to spend has taken a bullish stance on Unit Software you.
And retailers should know that.
We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.
Whether it’s an institution or just a wealthy individual, we don’t know. But when something that big happens with U, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 13 uncommon options trades for Unity Software.
It’s not normal.
The general sentiment of these big budget traders is split between 53% bullish and 46% bearish.
Of all the special options we discovered, 6 are put options, totaling $572,374, and 7 are call options, totaling $378,295.
What is the target price?
Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $85.0 to $200.0 for Unity Software over the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, the average open interest for Unity Software options trades today is 562.25 with a total volume of 1,490.00.
In the following chart, we are able to track the volume and open interest of call and put options for large Unity Software trades within a strike price range of 85.0 $ to $200.0 in the last 30 days.
Unity Software Options Volume and Open Interest in the Last 30 Days
The biggest options spotted:
|symbol||PUT/CALL||Kind of trade||Feeling||Exp. Dated||Strike price||Total trade price||open interest||Volume|
|you||TO PUT||TO SWEEP UP||BULLISH||01/20/23||$200.00||$106,000||92||ten|
|you||CALL||TO SWEEP UP||BEARISH||07/15/22||$100.00||$76.8,000||641||100|
Where is Unity software right now?
- With a volume of 3,105,386, the price of U is down -5.78% to $94.0.
- RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold.
- The next results should be published in 46 days.
What experts say about Unity software:
- Stifel has decided to maintain its Buy rating on Unity Software, which currently sits at a target price of $150.
- Jefferies downgraded its stock to Hold with a price target of $100
Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.