Mixed options sentiment in Unity Software (U), with shares down $1.18 near $35.57. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.35. Implied volatility (IV30) dropped 7.89 near 83.71,in the top quartile of the past year, suggesting an expected daily move of $1.88. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Unity Software (U) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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Read More on U:
- Unity Software: Promising Developments Amidst Execution and Geopolitical Challenges Justify Hold Rating
- Unity has ‘fundamentally more competitive ad product,’ says Morgan Stanley
- Unity price target raised to $33 from $22 at UBS
- Unity price target raised to $39 from $31.50 at Wedbush
- Unity rises 13.4%
