Deep-pocketed investors have adopted a bullish approach towards United Rentals URI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in URI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for United Rentals. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 41% bearish. Among these notable options, 14 are puts, totaling $1,764,437, and 10 are calls, amounting to $387,950.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $420.0 to $570.0 for United Rentals over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for United Rentals options trades today is 162.55 with a total volume of 874.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Rentals's big money trades within a strike price range of $420.0 to $570.0 over the last 30 days.
United Rentals Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| URI | PUT | SWEEP | BEARISH | 01/16/26 | $570.00 | $689.4K | 0 | 31 |
| URI | PUT | SWEEP | BULLISH | 01/16/26 | $570.00 | $230.7K | 0 | 155 |
| URI | PUT | SWEEP | BEARISH | 01/16/26 | $570.00 | $133.9K | 0 | 0 |
| URI | PUT | TRADE | BEARISH | 01/16/26 | $570.00 | $96.1K | 0 | 116 |
| URI | PUT | TRADE | BULLISH | 01/16/26 | $570.00 | $96.0K | 0 | 127 |
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 17% 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 indefinitely long periods.
After a thorough review of the options trading surrounding United Rentals, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is United Rentals Standing Right Now?
- Trading volume stands at 333,502, with URI's price down by -0.61%, positioned at $565.94.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 40 days.
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.
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