What the Options Market Tells Us About United Rentals

Investors with a lot of money to spend have taken a bearish stance on United Rentals URI.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with URI, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 19 uncommon options trades for United Rentals.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $290,522, and 13 are calls, for a total amount of $703,407.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $920.0 for United Rentals over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $400.0 to $920.0 in the last 30 days.

United Rentals Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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 indefinitely long periods.

Current Position of United Rentals

• With a volume of 212,307, the price of URI is down 0.0% at $654.54.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 77 days.

Professional Analyst Ratings for United Rentals

In the last month, 4 experts released ratings on this stock with an average target price of $596.75.

• Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for United Rentals, targeting a price of $400.
• An analyst from Baird has decided to maintain their Underperform rating on United Rentals, which currently sits at a price target of $559.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on United Rentals with a target price of $710.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for United Rentals, targeting a price of $718.

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.