Unpacking the Latest Option Trading Trends in United Rentals – United Rentals (NYSE:URI)

Investors with lots of money to spend have adopted a pessimistic attitude United Rental URI.

And retailers should know that.

We noticed this today when the positions appeared in the publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something big like this happens with URI, it often means that someone knows something is going to happen.

Today, Benzinga’s Options Scanner discovered 10 options trades for United Rental.

This is not normal.

The general sentiment among these high-dollar traders is split between 30% optimistic and 50% pessimistic.

Of all the options we discovered, there was 1 put, totaling $26,400, and 9 calls, totaling $429,097.

Expected price movements

Analyzing the volume and open interest in these contracts, it appears that the major players have been eyeing a price window of $600.00 to $740.00 for United Rentals over the past quarter.

Analyzing volume and open interest

In the current trading context, the average open interest for United Rentals options is 151.5, with a total volume of 92.00. The accompanying chart outlines the progression of both call and put option volume and open interest for high-value trades in United Rentals, located within the strike price corridor of $600.0 to $740.0, over the past 30 days.

United Rentals 30-Day Option Volume & Interest Snapshot

Largest Observed Option Trades:

About United Rentals

United Rentals is the world’s largest equipment rental company. The company operates primarily in the United States and Canada, where it has approximately 15% of the market share. It serves three end markets: general industrial, commercial construction, and residential construction. Like its competitors, United Rentals has historically provided its customers with equipment that was used occasionally, such as aircraft and portable generators. As the company has grown organically and through hundreds of acquisitions since going public in 1997, its $21 billion fleet size now includes a range of specialty equipment and other items that can be rented indefinitely.

Following our analysis of United Rentals’ options business, we now take a closer look at the performance of the company itself.

Current market position of United Rentals

• Currently trading at a volume of 163,186 URIs, the price has increased by 1.21% and now stands at $747.29.
• RSI values ​​indicate that the stock is currently neutral, between overbought and oversold.
• Expected earnings release is in 1 day.

Professional Analyst Ratings for United Rentals

Over the past month, 3 industry analysts have shared their insights on this stock and suggested an average price target of $760.00.

• Out of concern, a Citigroup analyst downgrades the stock to Buy with a new price target of $745.
• An analyst at Truist Securities remains consistent in his evaluation and maintains a Buy rating on United Rentals with a price target of $785.
• In a cautious move, a Raymond James analyst downgraded the stock to Outperform and set a price target of $750.

Options trading comes with increased risk and potential reward. Smart traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest United Rentals options trades with real-time alerts from Benzinga Pro.