Looking At Unity Software's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish position in Unity Software (NYSE:U) based on unusual options activity. Benzinga's options scanner identified 10 transactions, with 9 puts valued at $394,260 and 1 call worth $26,180. The sentiment is mixed, with 30% bullish and 50% bearish. The price window for Unity Software is projected between $21.0 to $35.0.
May 21, 2024 | 3:45 pm
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Unusual options activity in Unity Software indicates a bearish sentiment among large-scale traders, with 9 puts valued at $394,260 and only 1 call worth $26,180. The stock price is currently down by -2.26%, positioned at $20.79.
The significant bearish options activity, with a majority of puts and a high total trade value, suggests that large investors are expecting a decline in Unity Software's stock price. The current price drop of -2.26% further supports this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100