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 20 options trades for Generac Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $82,500, and 19, calls, for a total amount of $1,642,363.
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 $100.0 and $175.0 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 376.69, with a total volume reaching 1,700.00. 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 $100.0 to $175.0, throughout the last 30 days.
Generac Hldgs 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNRC | CALL | TRADE | NEUTRAL | 08/16/24 | $55.7 | $54.3 | $55.0 | $100.00 | $275.0K | 771 | 0 |
| GNRC | CALL | SWEEP | BULLISH | 07/12/24 | $18.2 | $17.0 | $18.1 | $138.00 | $215.3K | 1.0K | 10 |
| GNRC | CALL | SWEEP | BULLISH | 07/12/24 | $18.0 | $18.0 | $18.0 | $138.00 | $196.2K | 1.0K | 129 |
| GNRC | CALL | SWEEP | BULLISH | 07/12/24 | $16.8 | $15.2 | $15.5 | $138.00 | $179.8K | 1.0K | 581 |
| GNRC | CALL | SWEEP | BULLISH | 07/12/24 | $16.8 | $15.3 | $16.4 | $138.00 | $165.6K | 1.0K | 253 |
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
- With a volume of 1,196,699, the price of GNRC is up 3.58% at $153.76.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 19 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Generac Hldgs, Benzinga Pro gives you real-time options trades 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.
