Blackstone's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bearish 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 11 uncommon options trades for Blackstone.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $6,745,949, and 2 are calls, for a total amount of $91,100.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $115.0 for Blackstone during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Blackstone options trades today is 2258.3 with a total volume of 2,778.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Blackstone's big money trades within a strike price range of $90.0 to $115.0 over the last 30 days.

Blackstone Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Blackstone

Blackstone is the world's largest alternative asset managers with $1.001 trillion in total asset under management, including $731.1 billion in fee-earning asset under management, at the end of June 2023. The company has four core business segments: private equity (23% of fee-earning AUM and 27% of base management fees); real estate (39% and 44%); credit & insurance (28% 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 located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

Where Is Blackstone Standing Right Now?

• With a volume of 1,816,721, the price of BX is up 0.34% at $99.5.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 77 days.

What The Experts Say On Blackstone

4 market experts have recently issued ratings for this stock, with a consensus target price of $108.0.

• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Blackstone with a target price of $113.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Blackstone, targeting a price of $120.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on Blackstone, which currently sits at a price target of $105.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Blackstone, targeting a price of $94.

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 Blackstone with Benzinga Pro for real-time alerts.