Unity Software Inc. (NYSE: U) is experiencing a notable uptick in its stock price today, driven by increased bullish sentiment in the options market. The company has seen an unusually high volume of call options trading, with 56,936 calls exchanged, which is three times the expected amount. This surge in call activity, coupled with a decrease in the Put/Call Ratio to 0.20, indicates a strong bullish outlook among investors. Additionally, the implied volatility has risen by nearly 6 points to 67.44%, further reflecting heightened investor interest and expectations for future price movements.
Unity Software's stock is currently trading at $26.39, marking a 7.96% increase from its previous close of $24.45 and a 6.6% rise from its opening price of $24.76.