Big Players' Recent Trades in Blackstone Options

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 25 uncommon options trades for Blackstone.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 20 are puts, for a total amount of $1,226,329, and 5 are calls, for a total amount of $258,810.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $150.0 for Blackstone, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Blackstone's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Blackstone's significant trades, within a strike price range of $110.0 to $150.0, over the past month.

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).

Following our analysis of the options activities associated with Blackstone, we pivot to a closer look at the company's own performance.

Current Position of Blackstone

• With a trading volume of 1,220,450, the price of BX is down by -0.39%, reaching $122.42.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 20 days from now.

Professional Analyst Ratings for Blackstone

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $132.0.

• Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $150.
• An analyst from TD Cowen downgraded its action to Market Perform with a price target of $118.
• In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $128.

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.