Investors with a lot of money to spend have taken a bullish 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 9 options trades for Generac Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 0%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $66,780, and 8, calls, for a total amount of $554,146.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $140.0 for Generac Hldgs during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Generac Hldgs options trades today is 125.5 with a total volume of 6,162.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Generac Hldgs's big money trades within a strike price range of $125.0 to $140.0 over the last 30 days.
Generac Hldgs Option Activity Analysis: 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 | SWEEP | BULLISH | 09/20/24 | $8.2 | $7.9 | $8.2 | $140.00 | $104.9K | 32 | 2 |
| GNRC | CALL | SWEEP | BULLISH | 07/19/24 | $3.1 | $2.8 | $3.1 | $136.00 | $97.6K | 3 | 0 |
| GNRC | CALL | SWEEP | NEUTRAL | 07/19/24 | $2.05 | $2.0 | $2.0 | $140.00 | $82.2K | 456 | 57 |
| GNRC | PUT | SWEEP | BULLISH | 07/12/24 | $0.65 | $0.6 | $0.6 | $125.00 | $66.7K | 11 | 1 |
| GNRC | CALL | SWEEP | BULLISH | 07/19/24 | $1.95 | $1.75 | $1.95 | $140.00 | $64.9K | 456 | 563 |
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.
In light of the recent options history for Generac Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Generac Hldgs
- Trading volume stands at 463,390, with GNRC's price up by 0.4%, positioned at $132.75.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 30 days.
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
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.
