Option trade on a Leading Design Company

June 22, 2021 - 12:56 pm

Shares of Unity Software (U) are down to around $110 from a high of $175 last December, and off recent lows in May at $76.  The company doesn't have a positive EPS but it's growth and adoption make it a great long-term opportunity. We missed the bottom in the $70's, but we'd be buyers of the stock on a pullback.

We are selling the July $95 Puts on Unity for $0.78 cents, and plan to purchase the shares at the strike if it drops.  If it doesn't we'll keep the premium at expiration.