Whales with a lot of money to spend have taken a noticeably bearish stance on BlackRock.
Looking at options history for BlackRock BLK we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $250,836 and 6, calls, for a total amount of $3,655,006.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $700.0 to $770.0 for BlackRock over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of BlackRock stands at 67.71, with a total volume reaching 824.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BlackRock, situated within the strike price corridor from $700.0 to $770.0, throughout the last 30 days.
BlackRock Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLK | CALL | TRADE | BULLISH | 08/16/24 | $49.0 | $47.9 | $49.0 | $740.00 | $3.4M | 11 | 700 |
| BLK | PUT | TRADE | BULLISH | 01/17/25 | $42.5 | $41.0 | $41.5 | $710.00 | $124.5K | 89 | 30 |
| BLK | PUT | SWEEP | BEARISH | 05/17/24 | $15.1 | $14.7 | $15.1 | $740.00 | $70.8K | 268 | 41 |
| BLK | CALL | TRADE | NEUTRAL | 12/20/24 | $56.8 | $55.2 | $55.9 | $770.00 | $61.4K | 1 | 11 |
| BLK | PUT | SWEEP | BEARISH | 05/17/24 | $15.1 | $14.8 | $14.99 | $740.00 | $55.4K | 268 | 3 |
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
Current Position of BlackRock
- With a trading volume of 528,872, the price of BLK is up by 0.22%, reaching $748.93.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 84 days from now.
What The Experts Say On BlackRock
4 market experts have recently issued ratings for this stock, with a consensus target price of $893.0.
- An analyst from Keefe, Bruyette & Woods downgraded its action to Outperform with a price target of $930.
- An analyst from Morgan Stanley persists with their Overweight rating on BlackRock, maintaining a target price of $1025.
- An analyst from UBS has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target of $850.
- An analyst from JP Morgan has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target 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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