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 8 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 75% bearish. Among these notable options, 2 are puts, totaling $96,533, and 6 are calls, amounting to $633,150.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $160.0 for Blackstone over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Blackstone options trades today is 1866.29 with a total volume of 152.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Blackstone's big money trades within a strike price range of $65.0 to $160.0 over the last 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 | $65.00 | $323.2K | 130 | 50 |
| BX | CALL | TRADE | NEUTRAL | 01/17/25 | $75.00 | $151.8K | 2.1K | 27 |
| BX | CALL | SWEEP | BEARISH | 01/17/25 | $160.00 | $68.4K | 391 | 0 |
| BX | PUT | TRADE | BEARISH | 03/15/24 | $140.00 | $48.3K | 164 | 35 |
| BX | PUT | SWEEP | BEARISH | 03/15/24 | $140.00 | $48.2K | 164 | 0 |
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).
Where Is Blackstone Standing Right Now?
- Trading volume stands at 248,936, with BX's price down by -0.26%, positioned at $129.04.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 38 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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