Benzinga’s options scanner detected a total of ten options trades related to United Rentals, prompting concerns of an expected downturn. The sentiment among these traders is mixed, showing a division where 30% are bullish and 50% are bearish. The reported trades consisted of one put option totaling $26,400 and nine call options which accumulated to $429,097. This data highlights the focus of big-money players on a price range between $600.00 and $740.00 over the last quarter, which suggests uncertainty around the stock’s future performance.
United Rentals has established itself as the largest equipment rental company in the world, with a substantial market share in North America. As analysts track this stock’s movement, it’s reported that their average target price stands at $760. While volatility is inherent in options trading, understanding market shifts and judiciously managing risks can benefit traders. Observers are urged to stay updated on the evolving landscape of United Rentals and continue monitoring options trades, especially as economic conditions shift and could potentially affect this industry.
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