Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
URI options intelligence
United Rentals Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 30 Jul 2026
Checked 31 Jul 2026 13:57 · partial chain
Put-side pressure
Bearish pressure
URI currently carries bearish options pressure with a 50/100 conviction score. The nearest-chain expected move is 6.3%, with volume/open-interest participation at 0.09.
Expected move
6.3%
Wider near-term move priced
Activity / OI
0.09
Current volume is quieter versus prior open interest
Put-call
3.75
Put-side skew
Trend fit
43
Options are not fully confirming trend
Weekly backdrop
+9.2%
RS 16.9
Expected move
6.3%
Put-call volume
3.75
Volume / OI
0.09
Reference IV
0.35
Max pain
1100.00
Underlying
1141.59
Nearest expiry
31 Jul 2026
Contracts
2000
Research Brief
URI has a bearish chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1069.74–1213.44; The largest call open-interest concentration is 1150.00; the largest put concentration is 1045.00. The most active strike by current volume is 1027.50.
Priced range1069.74–1213.44
Call concentration1150.00
Put concentration1045.00
Max pain reference1100.00
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 1069.74 to 1213.44. Max pain at 1100.00 sits inside that range, 3.6% below spot.
Spot
Max pain
1069.741141.59 ± 71.851213.44
Confirmation level
A close beyond 1213.44 or below 1069.74 at the 31 Jul expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 50/100
Pressure is 59/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure59 × 42%
+24.9
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement43 × 26%
+11.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility50 × 10%
+5.0
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 1150.00; the largest put concentration is 1045.00. The most active strike by current volume is 1027.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
72
865.00-24.2%
0
57
1005.00-12.0%
0
45
1020.00-10.7%
13
50
1022.50-10.4%
0
33
1025.00-10.2%
43
21
1027.50-10.0%
1
17
1032.50-9.6%
3
323
1045.00-8.5%
1
62
1060.00-7.1%
0
10
1100.00-3.6%
59
2
1120.00-1.9%
127
1
1122.50-1.7%
57
61
1130.00-1.0%
12
30
1140.00-0.1%
33
14
1150.000.7%
133
0
1200.005.1%
57
0
1250.009.5%
36
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.35
31 Jul
1d
0.38
7 Aug
8d
0.35
14 Aug
15d
0.34
21 Aug
22d
0.34
28 Aug
29d
0.35
4 Sep
36d
0.34
11 Sep
43d
0.35
18 Sep
50d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
915
935
955
980
1000
1020
1033
1043
1055
1075
1088
1105
1115
1125
1150
1170
1190
1230
1270
1320
1360
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain73%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2724
- 73% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is building while price is rising, a cautionary divergence.
Put-heavy activity matters because it connects the options headline to the actual evidence: $1.4M of estimated gross traded notional, puts · 0-7 days · atm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-59
1W price+9.2%
Call premium36%
Put premium64%
Notional split
C 36% / P 64%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.09
Volume divided by open interest across the visible chain.
Trend fit
43/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 0-7 days · ATM
puts cluster with 46 contracts traded, $341545 estimated gross traded notional, and 24% of visible notional.
$341545
Puts · 0-7 days · OTM
puts cluster with 798 contracts traded, $272854 estimated gross traded notional, and 19% of visible notional.
$272854
Calls · 46-90 days · ITM
calls cluster with 17 contracts traded, $191840 estimated gross traded notional, and 13% of visible notional.
$191840
Puts · 8-21 days · OTM
puts cluster with 198 contracts traded, $169753 estimated gross traded notional, and 12% of visible notional.
$169753
Calls · 8-21 days · ITM
calls cluster with 43 contracts traded, $125630 estimated gross traded notional, and 9% of visible notional.
$125630
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close1141.59
1W+9.2%
RS16.9
Fair value+55.8%
Options pressure-59
Speculation42
Volatility50
Trend fit43
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:06
Bearish
Pressure -58
Move 4.8%
30 Jul 10:04
Mixed
Pressure -17
Move 7.4%
31 Jul 12:57
Bearish
Pressure -59
Move 6.3%
Strike Map
Where activity is clustering
Strike530.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike540.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike550.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike560.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike570.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike580.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike590.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike600.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts312
Avg IV0.35
Put-call3.97
Expiry7 Aug 2026
Contracts288
Avg IV0.38
Put-call4.49
Expiry14 Aug 2026
Contracts278
Avg IV0.35
Put-call2.89
Expiry21 Aug 2026
Contracts196
Avg IV0.34
Put-call4.79
Expiry28 Aug 2026
Contracts208
Avg IV0.34
Put-call5.00
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.44
Put IV0.59
Skew0.15
7 Aug 2026Call IV premium
Call IV0.42
Put IV0.37
Skew-0.06
14 Aug 2026Balanced skew
Call IV0.34
Put IV0.38
Skew0.04
21 Aug 2026Balanced skew
Call IV0.33
Put IV0.37
Skew0.04
28 Aug 2026Balanced skew
Call IV0.34
Put IV0.38
Skew0.04
Contract Tape
Most active contracts
ContractURI260731P01027500
SidePut
Expiry31 Jul 2026
Strike1027.50
Volume135
OI21
IV0.27
ContractURI260807P00990000
SidePut
Expiry7 Aug 2026
Strike990.00
Volume99
OI2
IV0.47
ContractURI260731P01022500
SidePut
Expiry31 Jul 2026
Strike1022.50
Volume94
OI50
IV0.30
ContractURI260814P00920000
SidePut
Expiry14 Aug 2026
Strike920.00
Volume93
OI-
IV0.47
ContractURI260821P01000000
SidePut
Expiry21 Aug 2026
Strike1000.00
Volume69
OI48
IV0.38
ContractURI260807P00985000
SidePut
Expiry7 Aug 2026
Strike985.00
Volume66
OI29
IV0.47
ContractURI260807P00955000
SidePut
Expiry7 Aug 2026
Strike955.00
Volume58
OI-
IV0.42
ContractURI260731P01032500
SidePut
Expiry31 Jul 2026
Strike1032.50
Volume52
OI17
IV0.24
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.