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 10 extraordinary options activities for Blackstone. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 80% bearish. Among these notable options, 4 are puts, totaling $541,900, and 6 are calls, amounting to $783,087.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $120.0 for Blackstone over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Blackstone's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Blackstone's substantial trades, within a strike price spectrum from $60.0 to $120.0 over the preceding 30 days.
Blackstone Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | CALL | SWEEP | BULLISH | 01/19/24 | $100.00 | $465.5K | 5.4K | 180 |
| BX | PUT | TRADE | BEARISH | 01/17/25 | $85.00 | $272.5K | 2.0K | 502 |
| BX | CALL | SWEEP | BULLISH | 01/19/24 | $100.00 | $134.2K | 5.4K | 18 |
| BX | PUT | TRADE | NEUTRAL | 12/15/23 | $105.00 | $118.5K | 2.4K | 96 |
| BX | CALL | TRADE | BEARISH | 12/15/23 | $80.00 | $83.3K | 58 | 7 |
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.
Blackstone's Current Market Status
- Currently trading with a volume of 1,543,629, the BX's price is up by 1.47%, now at $106.5.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 66 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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