Investors with a lot of money to spend have taken a bullish stance on Blackstone BX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Blackstone.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $134,812, and 6 are calls, for a total amount of $312,229.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $125.0 for Blackstone during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Blackstone's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Blackstone's significant trades, within a strike price range of $120.0 to $125.0, over the past month.
Blackstone Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BX | PUT | SWEEP | BULLISH | 06/21/24 | $2.64 | $2.59 | $2.59 | $120.00 | $96.2K | 4.3K | 374 |
| BX | CALL | SWEEP | BEARISH | 06/21/24 | $3.75 | $3.6 | $3.65 | $120.00 | $71.9K | 3.1K | 501 |
| BX | CALL | SWEEP | BULLISH | 06/21/24 | $4.35 | $4.2 | $4.35 | $120.00 | $54.3K | 3.1K | 125 |
| BX | CALL | TRADE | BULLISH | 06/21/24 | $1.82 | $1.66 | $1.79 | $125.00 | $53.7K | 5.6K | 301 |
| BX | CALL | SWEEP | NEUTRAL | 06/21/24 | $3.3 | $3.2 | $3.25 | $122.00 | $52.6K | 428 | 248 |
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).
Current Position of Blackstone
- With a trading volume of 836,728, the price of BX is down by -0.74%, reaching $120.81.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 42 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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