Deep-pocketed investors have adopted a bearish approach towards Blackstone BX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Blackstone. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 26% leaning bullish and 73% bearish. Among these notable options, 13 are puts, totaling $2,220,392, and 6 are calls, amounting to $293,422.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $140.0 for Blackstone over the recent three months.
Volume & Open Interest Development
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 $90.0 to $140.0 over the preceding 30 days.
Blackstone Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | PUT | TRADE | BEARISH | 06/21/24 | $110.00 | $596.2K | 11.4K | 2.2K |
| BX | PUT | TRADE | BEARISH | 06/21/24 | $100.00 | $538.6K | 19.9K | 4.0K |
| BX | PUT | TRADE | BEARISH | 07/19/24 | $115.00 | $230.0K | 835 | 633 |
| BX | PUT | TRADE | BEARISH | 06/21/24 | $100.00 | $192.0K | 19.9K | 5.5K |
| BX | PUT | TRADE | BEARISH | 06/21/24 | $100.00 | $190.5K | 19.9K | 7.0K |
About Blackstone
Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% 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 in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
In light of the recent options history for Blackstone, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Blackstone
- With a volume of 2,221,860, the price of BX is up 0.02% at $123.7.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 36 days.
Professional Analyst Ratings for Blackstone
In the last month, 1 experts released ratings on this stock with an average target price of $147.0.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Blackstone with a target price of $147.
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 Blackstone with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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