Financial giants have made a conspicuous bearish move on United Rentals. Our analysis of options history for United Rentals URI revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $145,730, and 13 were calls, valued at $886,670.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $290.0 to $600.0 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 $290.0 to $600.0 in the last 30 days.
United Rentals Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| URI | CALL | TRADE | NEUTRAL | 01/19/24 | $575.00 | $146.4K | 17 | 60 |
| URI | CALL | SWEEP | NEUTRAL | 01/19/24 | $575.00 | $140.4K | 17 | 0 |
| URI | CALL | TRADE | NEUTRAL | 02/16/24 | $600.00 | $121.4K | 49 | 61 |
| URI | CALL | TRADE | BULLISH | 01/05/24 | $450.00 | $85.4K | 7 | 0 |
| URI | CALL | TRADE | BEARISH | 01/17/25 | $450.00 | $69.6K | 204 | 48 |
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.
Having examined the options trading patterns of United Rentals, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is United Rentals Standing Right Now?
- With a volume of 284,494, the price of URI is down -0.25% at $572.78.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 35 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United Rentals options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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