Financial giants have made a conspicuous bullish move on Blackstone. Our analysis of options history for Blackstone BX revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $249,400, and 6 were calls, valued at $278,482.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $160.0 for Blackstone over the last 3 months.
Volume & Open Interest Development
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 $115.0 to $160.0, over the past month.
Blackstone Call and Put Volume: 30-Day Overview
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 | TRADE | BULLISH | 07/19/24 | $1.07 | $0.95 | $0.98 | $115.00 | $147.0K | 7.6K | 1 |
| BX | CALL | SWEEP | BEARISH | 06/20/25 | $9.55 | $9.2 | $9.2 | $140.00 | $65.3K | 180 | 0 |
| BX | CALL | SWEEP | BEARISH | 07/19/24 | $5.15 | $5.05 | $5.05 | $122.00 | $63.1K | 16 | 0 |
| BX | PUT | SWEEP | BULLISH | 10/18/24 | $6.05 | $6.0 | $6.0 | $120.00 | $53.4K | 573 | 13 |
| BX | PUT | TRADE | BEARISH | 07/19/24 | $1.03 | $0.86 | $0.98 | $115.00 | $49.0K | 7.6K | 1.5K |
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).
Following our analysis of the options activities associated with Blackstone, we pivot to a closer look at the company's own performance.
Where Is Blackstone Standing Right Now?
- Currently trading with a volume of 1,154,777, the BX's price is down by -0.27%, now at $123.82.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 21 days.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
