CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
RSS FEED
Text Size 
writer, OptionMonster
Investors are betting that United Rentals will rally more after breaking to a six-month high last week.
OptionMonster's tracking systems detected heavy buying of the September 7.50 calls, which traded 3,717 times for $0.50 to $0.90. Volume was five times existing open interest.
United Rentals [URI
Loading...
()
] rose 4.92 percent to $7.47 on Friday. After the bell Wednesday, the rental company raised its forecast for 2009 free cash flow to $325 million from $300 million after slashing purchases of new equipment. The news pushed the shares above $7, which had been a technical resistance area, to their highest levels since January.
United Rentals needs to climb at least 7 percent by expiration for the calls purchased Friday to turn a profit. Other investors purchased the September 10 calls for $0.10 to $0.15, betting on a sharper move to the upside. Volume in the strike was more than nine times open interest.
Overall options activity was almost 35 times above average, with calls outnumbering puts by 16 to 1.
___________________________
Options Trading School:
___________________________
United Rentals Competes With:
Hertz Global [HTZ
Loading...
()
]
___________________________
___________________________
David Russell is a reporter and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes