Puts Purchased on United Rentals (URI)

Shares of United Rentals Inc. URI are lower on the session by 0.24%, currently trading at $12.60. The stock has been in a downward-trending range over the past two months, though it is still trading above the 50-day and 200-day moving averages. Options traders are picking up puts on the name today. The December $10.00 strike was purchased nearly 2,000 times, on the offer; open interest on the strike is 60 contracts, signaling new, bearish positioning. Put volume is now running at 15.42x the daily average. United Rentals, Inc. is an equipment rental company and its network consists of 569 rental locations in the United States, Canada and Mexico. The fleet includes general construction and industrial equipment.