What the Options Market Tells Us About Blackstone

Investors with significant funds have taken a bullish position in Blackstone BX, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in BX usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 10 options transactions for Blackstone. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 50% being bullish and 50% bearish. Of all the options we discovered, 9 are puts, valued at $477,161, and there was a single call, worth $154,100.

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 $110.0 to $125.0 for Blackstone during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $110.0 to $125.0 in the last 30 days.

Blackstone Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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).

Having examined the options trading patterns of Blackstone, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Blackstone's Current Market Status

• Currently trading with a volume of 1,015,073, the BX's price is down by -1.44%, now at $120.58.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 16 days.

What Analysts Are Saying About Blackstone

In the last month, 3 experts released ratings on this stock with an average target price of $132.0.

• An analyst from TD Cowen has revised its rating downward to Market Perform, adjusting the price target to $118.
• An analyst from Goldman Sachs has revised its rating downward to Neutral, adjusting the price target to $128.
• Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $150.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Blackstone options trades with real-time alerts from Benzinga Pro.