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Whales with a lot of money to spend have taken a noticeably bearish stance on United Rentals.
Looking at options history for United Rentals (NYSE:URI) we detected 10 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 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $113,231 and 7, calls, for a total amount of $202,876.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $450.0 to $740.0 for United Rentals over the recent three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United Rentals's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United Rentals's substantial trades, within a strike price spectrum from $450.0 to $740.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| URI | PUT | SWEEP | BEARISH | 09/20/24 | $39.8 | $37.8 | $39.8 | $720.00 | $47.7K | 254 | 12 |
| URI | PUT | TRADE | BEARISH | 01/17/25 | $64.9 | $63.5 | $64.9 | $700.00 | $38.9K | 65 | 0 |
| URI | CALL | SWEEP | BEARISH | 12/20/24 | $74.0 | $68.5 | $70.0 | $670.00 | $35.0K | 21 | 5 |
| URI | CALL | TRADE | BULLISH | 10/18/24 | $28.0 | $27.1 | $28.0 | $710.00 | $30.8K | 12 | 11 |
| URI | CALL | TRADE | NEUTRAL | 12/20/24 | $62.0 | $59.7 | $60.73 | $690.00 | $30.3K | 83 | 7 |
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 indefinite 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.
In the last month, 1 experts released ratings on this stock with an average target price of $795.0.
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.
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