Whales with a lot of money to spend have taken a noticeably bullish stance on United Rentals.
Looking at options history for United Rentals URI we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% 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 $121,960 and 5, calls, for a total amount of $219,478.
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 $280.0 to $720.0 for United Rentals during the past quarter.
Insights into Volume & Open Interest
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 $280.0 to $720.0 in the last 30 days.
United Rentals 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| URI | CALL | SWEEP | BULLISH | 03/15/24 | $560.00 | $61.8K | 114 | 97 |
| URI | CALL | SWEEP | BULLISH | 03/15/24 | $560.00 | $54.0K | 114 | 26 |
| URI | CALL | SWEEP | NEUTRAL | 03/15/24 | $590.00 | $48.1K | 78 | 27 |
| URI | PUT | TRADE | BULLISH | 03/15/24 | $550.00 | $42.4K | 66 | 28 |
| URI | PUT | TRADE | BULLISH | 03/15/24 | $550.00 | $42.4K | 66 | 16 |
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 17% 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.
Having examined the options trading patterns of United Rentals, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is United Rentals Standing Right Now?
- Trading volume stands at 271,232, with URI's price down by 0.0%, positioned at $549.68.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 13 days.
Professional Analyst Ratings for United Rentals
4 market experts have recently issued ratings for this stock, with a consensus target price of $556.5.
- In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $500.
- An analyst from Citigroup has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $650.
- An analyst from Exane BNP Paribas downgraded its action to Underperform with a price target of $485.
- An analyst from Stifel has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $591.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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