Financial giants have made a conspicuous bullish move on Blackstone. Our analysis of options history for Blackstone BX revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $1,716,563, and 6 were calls, valued at $276,269.
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 $150.0 for Blackstone over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Blackstone's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Blackstone's whale activity within a strike price range from $90.0 to $150.0 in the last 30 days.
Blackstone Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BX | PUT | TRADE | BULLISH | 06/20/25 | $14.45 | $12.7 | $13.05 | $120.00 | $1.0M | 4.2K | 801 |
| BX | PUT | TRADE | NEUTRAL | 01/16/26 | $6.15 | $5.4 | $5.75 | $90.00 | $287.5K | 2.7K | 500 |
| BX | PUT | SWEEP | BEARISH | 05/17/24 | $1.27 | $1.12 | $1.12 | $119.00 | $117.7K | 129 | 1.0K |
| BX | CALL | SWEEP | BULLISH | 06/21/24 | $3.9 | $3.85 | $3.9 | $125.00 | $97.5K | 4.3K | 307 |
| BX | PUT | TRADE | BEARISH | 05/17/24 | $1.15 | $1.07 | $1.14 | $119.00 | $79.7K | 129 | 2.1K |
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).
Having examined the options trading patterns of Blackstone, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Blackstone Standing Right Now?
- With a volume of 2,283,868, the price of BX is up 0.28% at $121.55.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 72 days.
Expert Opinions on Blackstone
In the last month, 5 experts released ratings on this stock with an average target price of $134.4.
- Consistent in their evaluation, an analyst from TD Cowen keeps a Hold rating on Blackstone with a target price of $114.
- An analyst from B of A Securities persists with their Buy rating on Blackstone, maintaining a target price of $132.
- An analyst from Argus Research has decided to maintain their Buy rating on Blackstone, which currently sits at a price target of $135.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Blackstone with a target price of $145.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $146.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Blackstone options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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