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 9 uncommon options trades for Blackstone.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $261,449, and 2 are calls, for a total amount of $209,142.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $125.0 for Blackstone over the last 3 months.
Analyzing 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 Blackstone'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 Blackstone's whale activity within a strike price range from $105.0 to $125.0 in the last 30 days.
Blackstone Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | CALL | SWEEP | BEARISH | 03/15/24 | $120.00 | $170.1K | 1.8K | 0 |
| BX | PUT | SWEEP | BULLISH | 12/15/23 | $113.00 | $76.1K | 328 | 478 |
| BX | CALL | TRADE | BULLISH | 12/15/23 | $105.00 | $39.0K | 6.5K | 21 |
| BX | PUT | TRADE | BEARISH | 01/17/25 | $125.00 | $36.8K | 315 | 29 |
| BX | PUT | SWEEP | BEARISH | 03/15/24 | $110.00 | $32.5K | 778 | 180 |
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).
Current Position of Blackstone
- Currently trading with a volume of 1,002,777, the BX's price is up by 0.12%, now at $112.7.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 45 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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