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 13 extraordinary options activities for Blackstone. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 53% bearish. Among these notable options, 2 are puts, totaling $88,825, and 11 are calls, amounting to $842,277.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $140.0 for Blackstone, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Blackstone stands at 1978.0, with a total volume reaching 3,776.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Blackstone, situated within the strike price corridor from $105.0 to $140.0, throughout the last 30 days.
Blackstone Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BX | CALL | TRADE | BULLISH | 06/21/24 | $20.3 | $20.35 | $20.3 | $105.00 | $203.0K | 857 | 110 |
| BX | CALL | TRADE | BEARISH | 06/21/24 | $19.65 | $17.25 | $17.9 | $105.00 | $178.9K | 857 | 0 |
| BX | CALL | SWEEP | BEARISH | 06/21/24 | $4.9 | $4.7 | $4.85 | $122.00 | $103.3K | 750 | 277 |
| BX | CALL | SWEEP | BULLISH | 06/21/24 | $4.85 | $4.8 | $4.85 | $122.00 | $62.5K | 750 | 14 |
| BX | CALL | SWEEP | BEARISH | 06/21/24 | $4.9 | $4.55 | $4.85 | $122.00 | $59.1K | 750 | 143 |
About Blackstone
Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% 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 in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Blackstone's Current Market Status
- With a volume of 688,313, the price of BX is up 4.86% at $124.8.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 36 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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