BlackRock's Options: A Look at What the Big Money is Thinking

Deep-pocketed investors have adopted a bearish approach towards BlackRock BLK, 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 BLK usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for BlackRock. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 16% leaning bullish and 83% bearish. Among these notable options, 6 are puts, totaling $552,531, and 6 are calls, amounting to $782,700.

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 $560.0 to $830.0 for BlackRock during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in BlackRock's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to BlackRock's substantial trades, within a strike price spectrum from $560.0 to $830.0 over the preceding 30 days.

BlackRock 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About BlackRock

BlackRock is the largest asset manager in the world, with $10.008 trillion in assets under management at the end of December 2023. Its product mix is fairly diverse, with 52% of managed assets in equity strategies, 28% in fixed income, 9% in multi-asset classes, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

After a thorough review of the options trading surrounding BlackRock, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

BlackRock's Current Market Status

• Trading volume stands at 283,674, with BLK's price down by 0.0%, positioned at $825.99.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 29 days.

What Analysts Are Saying About BlackRock

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $920.0.

• Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for BlackRock, targeting a price of $920.

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 BlackRock, Benzinga Pro gives you real-time options trades alerts.