Looking At United Rentals's Recent Unusual Options Activity

Financial giants have made a conspicuous bearish move on United Rentals. Our analysis of options history for United Rentals URI revealed 13 unusual trades.

Delving into the details, we found 7% of traders were bullish, while 92% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $127,448, and 11 were calls, valued at $842,413.

Latest Startup Investment Opportunities:

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $420.0 to $650.0 for United Rentals during the past quarter.

Insights into Volume & Open Interest

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 $420.0 to $650.0 over the preceding 30 days.

United Rentals Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for United Rentals, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of United Rentals

• Trading volume stands at 163,680, with URI's price down by -0.12%, positioned at $630.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 86 days.

What The Experts Say On United Rentals

5 market experts have recently issued ratings for this stock, with a consensus target price of $530.8.

• Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $500.
• An analyst from Barclays persists with their Underweight rating on United Rentals, maintaining a target price of $400.
• 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 Baird continues to hold a Underperform rating for United Rentals, targeting a price of $559.
• An analyst from Exane BNP Paribas downgraded its action to Underperform with a price target of $485.

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.