United Rentals Call Lean Cools to 60% as Oshkosh Draws 98% Calls and Terex Goes Quiet: Lift and Rental Data for Contractors (GTA Terminal, Nov. 13, 2026)

Rental fleets and the companies that build aerial lifts and telehandlers are worth watching together, because one buys what the other makes. GTA Terminal data from Global Traders Academy for midday Friday, November 13, shows the options money in United Rentals cooling to a mixed lean while Oshkosh, maker of JLG lifts, kept a strong call tilt and Terex drew almost no options interest at all. Here is what the numbers say and what they mean if you rent, lease or buy lifting equipment.

United Rentals: 60% calls as the shares slip

According to the GTA Wire's United Rentals options flow report from Friday morning, published at 11:54 AM ET, URI shares were down 1.5% at $1,122.03. A total of $2.1 million in premium had traded: $1.3 million in calls and $854,000 in puts. That is 60% in calls, which GTA describes as a mixed tilt, with a put/call volume ratio of 0.47.

The biggest unusual trade was small: 305 call contracts expiring the same day, about $7,625 in premium against 115 contracts of open interest. That is a short-dated bet, not a long-term vote of confidence.

The trend was still intact. URI was in an uptrend, above its 50-day and 200-day averages, 7% below its 52-week high, with an RSI of 50. The stock sat just 0.2% above its nearest support at $1,119.69, the 20-day average, with resistance at $1,202.12. You can follow it on the URI price and options page.

The cooling matters because of what came before. Earlier in the week GTA reported 87% of United Rentals premium in calls on November 12. Sliding to 60% on a down morning does not mean money turned bearish, but the enthusiasm is no longer one-sided.

Oshkosh: 98% calls above both averages

GTA Terminal data showed Oshkosh trading at $140.15 during Friday's session, above its 20-day average of $137.38 and its 50-day average of $136.99. Options premium was small, $57,000 in total, but nearly all of it, $56,000, went into calls, against $1,200 in puts: 98% calls, with a put/call volume ratio of 0.21. The chart, the options money and the dark pools lined up bullish. Off-exchange volume on November 12 was 175,494 shares, 0.6 times normal, so the dark pools were quiet rather than heavy. More on the Oshkosh stock and flow page.

Terex: chart firm, options almost silent

Terex traded at $56.54 on Friday, above both its 20-day and 50-day averages and 72% of the way up its 20-day range. The only options premium in GTA's scan was $720 in puts, far too small to read as a real bet. Dark-pool volume on November 12 was 315,638 shares, 0.5 times normal and 27.0% of volume. In short, the chart looks steady but nobody was placing meaningful options money either way.

What this means for renters and fleet buyers

• Rental rates. United Rentals still trades in an uptrend near its highs, which usually goes with steady utilization and firm rental pricing. A cooling call lean is a reason to watch, not a reason to expect cheaper rates soon.

• Lift purchases. Strong call money in Oshkosh, even at small size, suggests investors expect demand for JLG lifts and access equipment to hold. If you plan to buy rather than rent for a long job, lead times and pricing are worth locking in early.

• Rent versus buy. When rental giants look firm, renting stays expensive. Contractors who use a lift more than a few months a year often find that a financed unit costs less than repeated rentals.

A word of caution

These are midday readings from a single session. A 98% call share on $57,000 of premium can come from a handful of trades, and same-day options say little about the months ahead. Treat this as a signal, not a guarantee. It is market data for context, not investment advice.

Keep reading

See our earlier look at United Rentals dark pools falling for five sessions and Oshkosh, Terex and Deere on November 12. Rental and equipment-maker flow for every session is on the GTA Terminal.

If renting has started to cost more than owning, BFC Equipment Loans finances new and used lifts, telehandlers and trucks for contractors nationwide. You can apply for lift and telehandler financing in a few minutes.