Whales with a lot of money to spend have taken a noticeably bullish stance on BlackRock.
Looking at options history for BlackRock BLK we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $343,020 and 8, calls, for a total amount of $429,235.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $680.0 to $820.0 for BlackRock over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in BlackRock's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to BlackRock's substantial trades, within a strike price spectrum from $680.0 to $820.0 over the preceding 30 days.
BlackRock Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLK | PUT | TRADE | BEARISH | 01/17/25 | $72.4 | $69.3 | $71.6 | $820.00 | $85.9K | 219 | 24 |
| BLK | CALL | TRADE | NEUTRAL | 05/17/24 | $18.7 | $17.6 | $18.15 | $820.00 | $85.3K | 149 | 0 |
| BLK | PUT | TRADE | NEUTRAL | 01/17/25 | $72.2 | $70.8 | $71.6 | $820.00 | $78.7K | 219 | 12 |
| BLK | CALL | TRADE | BEARISH | 01/17/25 | $70.3 | $67.8 | $68.4 | $820.00 | $75.2K | 217 | 57 |
| BLK | PUT | TRADE | BULLISH | 01/17/25 | $63.6 | $61.1 | $62.0 | $800.00 | $74.4K | 223 | 12 |
About BlackRock
BlackRock is the largest asset manager in the world, with $10.008 trillion in assets under management at the end of December 2023. Its product mix is fairly diverse, with 52% of managed assets in equity strategies, 28% in fixed income, 9% in multi-asset classes, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
Having examined the options trading patterns of BlackRock, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is BlackRock Standing Right Now?
- With a trading volume of 483,084, the price of BLK is down by -0.5%, reaching $799.31.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 3 days from now.
Expert Opinions on BlackRock
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $848.5.
- An analyst from Keefe, Bruyette & Woods has revised its rating downward to Outperform, adjusting the price target to $930.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on BlackRock with a target price of $767.
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 BlackRock, 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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