Deep-pocketed investors have adopted a bearish approach towards Generac Hldgs GNRC, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GNRC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Generac Hldgs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 3 are puts, totaling $226,874, and 12 are calls, amounting to $2,181,558.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $140.0 for Generac Hldgs during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Generac Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Generac Hldgs's significant trades, within a strike price range of $50.0 to $140.0, over the past month.
Generac Hldgs Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GNRC | CALL | TRADE | BEARISH | 01/17/25 | $135.00 | $1.6M | 53 | 1.0K |
| GNRC | CALL | SWEEP | BULLISH | 01/16/26 | $100.00 | $145.4K | 28 | 30 |
| GNRC | PUT | SWEEP | BEARISH | 01/17/25 | $110.00 | $140.0K | 338 | 102 |
| GNRC | CALL | TRADE | BULLISH | 06/21/24 | $50.00 | $57.6K | 32 | 8 |
| GNRC | PUT | SWEEP | BEARISH | 02/16/24 | $135.00 | $55.9K | 131 | 0 |
About Generac Hldgs
Generac Power Systems designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.
After a thorough review of the options trading surrounding Generac Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Generac Hldgs
- Currently trading with a volume of 4,269,634, the GNRC's price is down by -7.67%, now at $114.3.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 0 days.
Expert Opinions on Generac Hldgs
2 market experts have recently issued ratings for this stock, with a consensus target price of $123.0.
- An analyst from Roth MKM persists with their Neutral rating on Generac Hldgs, maintaining a target price of $118.
- An analyst from Citigroup persists with their Neutral rating on Generac Hldgs, maintaining a target price of $128.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Generac Hldgs options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
