Option traders moderately bearish in Unity Software (U), with shares up 17c, or 0.67%, near $25.58. Options volume nearly triple the daily average with 137k contracts traded and puts leading calls for a put/call ratio of 1.83, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 1.2 points near 89.74, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.45. 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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