Deep-pocketed investors have adopted a bearish approach towards Blackstone BX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 31 extraordinary options activities for Blackstone. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 74% bearish. Among these notable options, 7 are puts, totaling $523,906, and 24 are calls, amounting to $1,344,677.
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 $95.0 to $140.0 for Blackstone over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Blackstone stands at 2004.12, with a total volume reaching 5,441.00. 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 $95.0 to $140.0, throughout the last 30 days.
Blackstone Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | CALL | TRADE | BEARISH | 01/19/24 | $120.00 | $300.0K | 6.5K | 77 |
| BX | PUT | SWEEP | BEARISH | 01/26/24 | $127.00 | $162.3K | 2 | 396 |
| BX | PUT | SWEEP | BEARISH | 01/26/24 | $127.00 | $153.4K | 2 | 757 |
| BX | CALL | SWEEP | BULLISH | 01/19/24 | $110.00 | $126.5K | 10.0K | 104 |
| BX | CALL | TRADE | BULLISH | 01/16/26 | $140.00 | $64.8K | 82 | 36 |
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).
Following our analysis of the options activities associated with Blackstone, we pivot to a closer look at the company's own performance.
Present Market Standing of Blackstone
- With a volume of 2,649,677, the price of BX is down -0.21% at $125.7.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 37 days.
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 Blackstone, Benzinga Pro gives you real-time options trades alerts.
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