Financial giants have made a conspicuous bearish move on United Rentals. Our analysis of options history for United Rentals URI revealed 14 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $1,282,808, and 8 were calls, valued at $1,199,287.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $700.0 for United Rentals during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of United Rentals stands at 61.09, with a total volume reaching 263.00. 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 $160.0 to $700.0, throughout 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 | TRADE | NEUTRAL | 01/16/26 | $650.00 | $504.7K | 30 | 56 |
| URI | CALL | SWEEP | BULLISH | 01/16/26 | $550.00 | $462.8K | 70 | 25 |
| URI | CALL | SWEEP | BULLISH | 01/16/26 | $440.00 | $367.9K | 14 | 13 |
| URI | PUT | TRADE | BEARISH | 01/17/25 | $650.00 | $352.5K | 48 | 50 |
| URI | PUT | TRADE | NEUTRAL | 01/16/26 | $650.00 | $221.9K | 30 | 98 |
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.
Present Market Standing of United Rentals
- Trading volume stands at 145,324, with URI's price up by 1.34%, positioned at $653.5.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 62 days.
What The Experts Say On United Rentals
5 market experts have recently issued ratings for this stock, with a consensus target price of $625.4.
- An analyst from Barclays has decided to maintain their Underweight rating on United Rentals, which currently sits at a price target of $400.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on United Rentals, which currently sits at a price target of $740.
- An analyst from Baird persists with their Underperform rating on United Rentals, maintaining a target price of $559.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for United Rentals, targeting a price of $710.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $718.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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