Whales with a lot of money to spend have taken a noticeably bearish stance on United Rentals.
Looking at options history for United Rentals URI we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $71,550 and 7, calls, for a total amount of $306,240.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $690.0 for United Rentals, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of United Rentals stands at 86.5, with a total volume reaching 39.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United Rentals, situated within the strike price corridor from $500.0 to $690.0, throughout the last 30 days.
United Rentals Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| URI | CALL | TRADE | BULLISH | 01/16/26 | $141.0 | $137.1 | $141.0 | $640.00 | $70.5K | 24 | 5 |
| URI | CALL | TRADE | BULLISH | 01/16/26 | $140.0 | $139.9 | $140.0 | $640.00 | $70.0K | 24 | 0 |
| URI | PUT | SWEEP | BEARISH | 07/12/24 | $17.9 | $16.7 | $17.9 | $665.00 | $46.5K | 0 | 34 |
| URI | CALL | TRADE | NEUTRAL | 01/16/26 | $224.9 | $217.0 | $220.77 | $500.00 | $44.1K | 49 | 0 |
| URI | CALL | TRADE | BEARISH | 01/17/25 | $75.3 | $73.7 | $73.7 | $660.00 | $36.8K | 427 | 0 |
About United Rentals
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
Current Position of United Rentals
- With a trading volume of 322,822, the price of URI is up by 1.25%, reaching $653.95.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 21 days from now.
What The Experts Say On United Rentals
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $765.0.
- An analyst from Raymond James has revised its rating downward to Outperform, adjusting the price target to $750.
- An analyst from JP Morgan downgraded its action to Overweight with a price target of $780.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on United Rentals with a target price of $785.
- Reflecting concerns, an analyst from Citigroup lowers its rating to Buy with a new price target of $745.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United Rentals with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
