Bulls Testing Out United Rentals, Inc. (URI)

Shares of United Rentals, Inc. URI are higher on the session by 1.98%, currently trading at $27.81. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $33.00 call was purchased 2,100 times, on the offer, on open interest of 73 contracts. Overall call volume is now running at 2.62x the daily average with 88% of all calls traded being purchases on the offer. United Rentals, Inc. is a holding company. The company primarily conducts its operations through its wholly owned subsidiary, United Rentals, Inc., and its subsidiaries.