Calls Purchased on United Rentals

Shares of United Rentals URI are lower on the session by 2.87%, currently trading at $22.35. The stock has been moving largely higher over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $31.00 call traded 2,000 times on open interest of 2,672 contracts. Overall call volume is now running at 4.04x the daily average with 93% of all calls traded being purchases on the offer. United Rentals, Inc. is a holding company. The company primarily conducts its operations through its wholly owned subsidiary, United Rentals, Inc., and its subsidiaries.