Blackstone's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bearish stance on Blackstone.

Looking at options history for Blackstone BX we detected 18 trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $217,172 and 15, calls, for a total amount of $1,172,959.

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 $100.0 to $130.0 for Blackstone during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Blackstone stands at 3734.23, with a total volume reaching 2,479.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Blackstone, situated within the strike price corridor from $100.0 to $130.0, throughout the last 30 days.

Blackstone Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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).

After a thorough review of the options trading surrounding Blackstone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Blackstone Standing Right Now?

• Trading volume stands at 860,502, with BX's price down by -0.1%, positioned at $115.42.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 51 days.

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.