Notable investors have taken a bearish stance on Generac Hldgs (GNRC), and the marked uptick in options activity should not be overlooked. An analysis of public options records at Benzinga unveiled this significant move, indicating a potential forthcoming event that could impact the company.
Our findings today revealed 15 remarkable options activities for Generac Hldgs, a level of activity that deviates from the norm.
Among these heavyweight investors, sentiment is divided, with 40% leaning bullish and 60% bearish. Notable options include 3 puts, totaling $226,874, and 12 calls, amounting to $2,181,558.
Projected Price Range Analysis
The analysis of volume and open interest in these contracts indicates a targeted price window of $50.0 to $140.0 for Generac Hldgs during the past quarter.
Insight into Volume & Open Interest
Evaluating the volume and open interest provides critical insights into stock research. This information is pivotal in gauging liquidity and interest levels for Generac Hldgs’s options within a strike price range of $50.0 to $140.0 over the past month.
Generac Hldgs Option Activity Analysis: Last 30 Days
Identified Key Options
| 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. Sales generated in the United States account for the majority of total sales.
After a comprehensive review of the options trading surrounding Generac Hldgs, an examination of the company’s current market status and performance is warranted.
Current Position of Generac Hldgs
- Presently trading with a volume of 4,269,634, GNRC’s price has decreased by -7.67%, now at $114.3.
- RSI readings suggest the stock may be edging towards overbought territory.
- Anticipated earnings release is in 0 days.
Expert Opinions on Generac Hldgs
Two market experts have recently issued ratings for this stock, with a consensus target price of $123.0.
- An analyst from Roth MKM maintains a Neutral rating on Generac Hldgs, with a target price of $118.
- An analyst from Citigroup also maintains a Neutral rating on Generac Hldgs, with 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.