Investors with a lot of money to spend have taken a bearish stance on Generac Hldgs GNRC.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GNRC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Generac Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $51,000, and 7, calls, for a total amount of $302,390.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $185.0 for Generac Hldgs, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Generac Hldgs stands at 390.88, with a total volume reaching 643.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Generac Hldgs, situated within the strike price corridor from $110.0 to $185.0, throughout the last 30 days.
Generac Hldgs Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNRC | CALL | SWEEP | BEARISH | 03/28/24 | $6.8 | $6.0 | $6.4 | $120.00 | $115.6K | 282 | 208 |
| GNRC | PUT | SWEEP | BEARISH | 01/17/25 | $10.2 | $10.0 | $10.2 | $110.00 | $50.9K | 408 | 163 |
| GNRC | CALL | TRADE | BULLISH | 04/19/24 | $6.2 | $5.9 | $6.09 | $125.00 | $36.5K | 661 | 81 |
| GNRC | CALL | TRADE | BULLISH | 05/17/24 | $6.0 | $5.8 | $6.0 | $135.00 | $36.0K | 1.2K | 10 |
| GNRC | CALL | SWEEP | BULLISH | 01/17/25 | $5.6 | $5.3 | $5.5 | $185.00 | $30.2K | 152 | 4 |
About Generac Hldgs
Generac 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.
Following our analysis of the options activities associated with Generac Hldgs, we pivot to a closer look at the company's own performance.
Current Position of Generac Hldgs
- With a volume of 612,804, the price of GNRC is down -0.14% at $124.41.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
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.
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