Whales with a lot of money to spend have taken a noticeably bearish stance on Blackstone.
Looking at options history for Blackstone BX we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $122,572 and 6, calls, for a total amount of $330,260.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $140.0 for Blackstone over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Blackstone's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Blackstone's substantial trades, within a strike price spectrum from $110.0 to $140.0 over the preceding 30 days.
Blackstone Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | CALL | SWEEP | BEARISH | 03/15/24 | $125.00 | $129.5K | 4.2K | 347 |
| BX | CALL | SWEEP | NEUTRAL | 01/17/25 | $135.00 | $74.1K | 630 | 0 |
| BX | PUT | SWEEP | BULLISH | 03/15/24 | $110.00 | $50.5K | 1.7K | 22 |
| BX | CALL | TRADE | BEARISH | 06/21/24 | $120.00 | $38.5K | 3.2K | 77 |
| BX | PUT | TRADE | BULLISH | 02/23/24 | $124.00 | $38.4K | 0 | 0 |
About Blackstone
Blackstone is the world's largest alternative asset managers with $1.001 trillion in total asset under management, including $731.1 billion in fee-earning asset under management, at the end of June 2023. The company has four core business segments: private equity (23% of fee-earning AUM and 27% of base management fees); real estate (39% and 44%); credit & insurance (28% and 21%); and hedge fund solutions (10% and 8%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Where Is Blackstone Standing Right Now?
- With a trading volume of 932,637, the price of BX is up by 0.76%, reaching $119.98.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 3 days from now.
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 Blackstone, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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