High-rolling investors have positioned themselves bullish on Blackstone BX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Blackstone. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $33,900, and 9 calls, totaling $448,680.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $135.0 for Blackstone, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Blackstone options trades today is 1650.5 with a total volume of 227.00.
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 $85.0 to $135.0 over the last 30 days.
Blackstone Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | CALL | SWEEP | BULLISH | 12/29/23 | $112.00 | $97.5K | 449 | 50 |
| BX | CALL | SWEEP | NEUTRAL | 10/18/24 | $135.00 | $73.4K | 209 | 24 |
| BX | CALL | TRADE | BEARISH | 06/21/24 | $110.00 | $63.1K | 1.8K | 50 |
| BX | CALL | TRADE | NEUTRAL | 01/19/24 | $85.00 | $47.0K | 778 | 0 |
| BX | CALL | SWEEP | BULLISH | 01/12/24 | $130.00 | $41.4K | 1.2K | 100 |
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 401,090, the price of BX is down by -0.15%, reaching $130.5.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 30 days from now.
Professional Analyst Ratings for Blackstone
1 market experts have recently issued ratings for this stock, with a consensus target price of $150.0.
- Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $150.
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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