A whale with a lot of money to spend has taken a noticeably bearish stance on BlackRock.
Looking at options history for BlackRock BLK we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $275,460 and 4, calls, for a total amount of $193,717.
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 $620.0 to $1000.0 for BlackRock over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $620.0 to $1000.0 in the last 30 days.
BlackRock Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BLK | CALL | SWEEP | BULLISH | 06/16/23 | $650.00 | $110.6K | 218 | 82 |
| BLK | PUT | TRADE | BULLISH | 07/21/23 | $690.00 | $64.1K | 66 | 10 |
| BLK | PUT | SWEEP | BULLISH | 07/21/23 | $620.00 | $52.8K | 140 | 22 |
| BLK | PUT | TRADE | NEUTRAL | 01/17/25 | $1000.00 | $36.4K | 0 | 1 |
| BLK | PUT | TRADE | BULLISH | 07/21/23 | $660.00 | $36.3K | 59 | 10 |
Where Is BlackRock Standing Right Now?
- With a volume of 725,895, the price of BLK is up 2.04% at $642.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 64 days.
What The Experts Say On BlackRock:
- Credit Suisse has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target of $673.
- BMO Capital has decided to maintain their Market Perform rating on BlackRock, which currently sits at a price target of $542.
- Credit Suisse has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target of $662.
- Keefe, Bruyette & Woods has decided to maintain their Market Perform rating on BlackRock, which currently sits at a price target of $770.
- Evercore ISI Group has decided to maintain their Outperform rating on BlackRock, which currently sits at a price target of $740.
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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