United Rentals Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on United Rentals URI.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with URI, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for United Rentals.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $28,170, and 9, calls, for a total amount of $321,588..

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $350.0 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 $350.0 to $600.0 in the last 30 days.

United Rentals Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
URI CALL SWEEP BULLISH 12/15/23 $460.00 $60.6K 54 6
URI CALL TRADE BEARISH 12/15/23 $430.00 $46.7K 23 10
URI CALL SWEEP BULLISH 01/19/24 $520.00 $34.4K 295 20
URI CALL TRADE BULLISH 01/19/24 $600.00 $33.6K 762 169
URI CALL TRADE BULLISH 01/17/25 $350.00 $31.0K 366 2

Where Is United Rentals Standing Right Now?

  • With a volume of 424,037, the price of URI is up 0.94% at $445.27.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 89 days.

What The Experts Say On United Rentals:

  • Baird has decided to maintain their Underperform rating on United Rentals, which currently sits at a price target of $320.
  • Goldman Sachs has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $500.
  • Keybanc has decided to maintain their Overweight rating on United Rentals, which currently sits at a price target of $520.
  • UBS has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $527.
  • Citigroup has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $515.

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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URIUnited Rentals Inc
$707.210.08%

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