Energy Technology Solutions Provider Sees Opening Put Sellers As Base Forms
Generac (GNRC) with 5000 February $105 puts sold to open $3.50 to $3.20 into 2-15 earnings and a name that has seen numerous put sales the past month as the stock forms a bottoming base along this 100 support zone. GNRC has held above its 55 day EMA this past week and has space up to the 136.50 level which is a VPOC untested and near a gap fill from last Ocotber. A beaten up name thats now turning the corner and these large opening put sales are often a good clue that a bottom has formed and there are willing buyers at current prices.