Financial giants have made a conspicuous bearish move on Blackstone. Our analysis of options history for Blackstone BX revealed 40 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 17 were puts, with a value of $1,894,409, and 23 were calls, valued at $1,289,283.
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 $70.0 and $120.0 for Blackstone, spanning the last three months.
Volume & Open Interest Trends
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 $70.0 to $120.0 in the last 30 days.
Blackstone Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | PUT | TRADE | BEARISH | 06/21/24 | $105.00 | $741.7K | 560 | 2 |
| BX | CALL | TRADE | BULLISH | 01/19/24 | $95.00 | $165.7K | 2.9K | 160 |
| BX | PUT | SWEEP | BULLISH | 01/17/25 | $105.00 | $160.0K | 227 | 171 |
| BX | PUT | TRADE | BULLISH | 06/21/24 | $100.00 | $156.2K | 2.9K | 8 |
| BX | PUT | SWEEP | BEARISH | 10/18/24 | $105.00 | $155.6K | 344 | 41 |
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
- Currently trading with a volume of 3,019,893, the BX's price is up by 5.83%, now at $103.43.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 72 days.
Professional Analyst Ratings for Blackstone
In the last month, 4 experts released ratings on this stock with an average target price of $108.0.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $120.
- An analyst from BMO Capital has decided to maintain their Market Perform rating on Blackstone, which currently sits at a price target of $94.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $113.
- An analyst from Oppenheimer persists with their Outperform rating on Blackstone, maintaining a target price of $105.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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