A whale with a lot of money to spend has taken a noticeably bearish stance on United Rentals.
Looking at options history for United Rentals URI we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $76,740 and 8, calls, for a total amount of $430,947.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $500.0 for United Rentals over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for United Rentals's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United Rentals's whale activity within a strike price range from $370.0 to $500.0 in 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| URI | CALL | SWEEP | BEARISH | 08/18/23 | $460.00 | $128.5K | 55 | 55 |
| URI | CALL | TRADE | NEUTRAL | 09/15/23 | $470.00 | $79.0K | 228 | 30 |
| URI | CALL | SWEEP | BEARISH | 09/15/23 | $500.00 | $62.0K | 236 | 50 |
| URI | PUT | TRADE | NEUTRAL | 08/18/23 | $440.00 | $45.1K | 74 | 0 |
| URI | CALL | SWEEP | NEUTRAL | 08/18/23 | $480.00 | $40.0K | 53 | 34 |
Where Is United Rentals Standing Right Now?
- With a volume of 428,673, the price of URI is down -1.07% at $462.18.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
What The Experts Say On United Rentals:
- UBS has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $527.
- Keybanc has decided to maintain their Overweight rating on United Rentals, which currently sits at a price target of $520.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $428
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for United Rentals, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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