Financial giants have made a conspicuous bullish move on Generac Hldgs. Our analysis of options history for Generac Hldgs GNRC revealed 19 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $156,457, and 14 were calls, valued at $805,827.
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 $130.0 and $200.0 for Generac Hldgs, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Generac Hldgs stands at 262.08, with a total volume reaching 3,455.00. 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 $130.0 to $200.0, throughout the last 30 days.
Generac Hldgs Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNRC | CALL | TRADE | BULLISH | 01/16/26 | $28.5 | $23.5 | $26.7 | $200.00 | $106.8K | 79 | 0 |
| GNRC | CALL | SWEEP | BULLISH | 10/18/24 | $8.9 | $8.0 | $8.85 | $167.50 | $87.9K | 83 | 100 |
| GNRC | CALL | TRADE | BEARISH | 11/15/24 | $11.4 | $11.1 | $11.19 | $170.00 | $81.6K | 437 | 88 |
| GNRC | CALL | TRADE | BULLISH | 11/15/24 | $10.7 | $10.3 | $10.6 | $170.00 | $74.2K | 437 | 159 |
| GNRC | CALL | SWEEP | BEARISH | 10/18/24 | $7.4 | $6.6 | $6.6 | $167.50 | $65.0K | 83 | 205 |
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.
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.
Generac Hldgs's Current Market Status
- With a trading volume of 1,218,455, the price of GNRC is up by 0.7%, reaching $172.29.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 21 days from now.
What Analysts Are Saying About Generac Hldgs
1 market experts have recently issued ratings for this stock, with a consensus target price of $175.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Piper Sandler persists with their Overweight rating on Generac Hldgs, maintaining a target price of $175.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Generac Hldgs with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
