Investors with a lot of money to spend have taken a bullish stance on BlackRock BLK.
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 BLK, 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 13 uncommon options trades for BlackRock.
This isn't normal.
The overall sentiment of these big-money traders is split between 61% bullish and 23%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $357,130, and 5 are calls, for a total amount of $341,620.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $700.0 and $1060.0 for BlackRock, spanning the last three months.
Insights into 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 BlackRock'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 BlackRock's whale activity within a strike price range from $700.0 to $1060.0 in the last 30 days.
BlackRock Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLK | CALL | TRADE | BULLISH | 12/20/24 | $40.5 | $36.2 | $39.0 | $990.00 | $195.0K | 54 | 50 |
| BLK | PUT | SWEEP | BEARISH | 03/21/25 | $91.0 | $86.6 | $91.0 | $1060.00 | $91.0K | 5 | 0 |
| BLK | CALL | TRADE | BEARISH | 11/15/24 | $100.8 | $94.0 | $96.1 | $900.00 | $48.0K | 126 | 5 |
| BLK | PUT | TRADE | NEUTRAL | 11/22/24 | $21.9 | $20.0 | $20.9 | $990.00 | $43.8K | 2 | 0 |
| BLK | PUT | TRADE | BULLISH | 01/17/25 | $42.3 | $37.8 | $39.6 | $1000.00 | $39.6K | 109 | 20 |
About BlackRock
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% 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.
After a thorough review of the options trading surrounding BlackRock, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
BlackRock's Current Market Status
- With a volume of 75,765, the price of BLK is down -0.27% at $998.09.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 79 days.
Professional Analyst Ratings for BlackRock
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1026.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Goldman Sachs persists with their Buy rating on BlackRock, maintaining a target price of $1040. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on BlackRock with a target price of $914. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on BlackRock with a target price of $1245. * An analyst from Wells Fargo has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1070. * Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for BlackRock, targeting a price of $864.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for BlackRock with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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