Investors with a lot of money to spend have taken a bearish stance on Blackstone BX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Blackstone.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,587,761, and 3 are calls, for a total amount of $149,003.
What's The Price Target?
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 $128.0 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 1224.0, with a total volume reaching 1,512.00. 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 $128.0, 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 | PUT | SWEEP | BEARISH | 03/21/25 | $13.0 | $12.95 | $13.0 | $125.00 | $650.0K | 1.0K | 500 |
| BX | PUT | SWEEP | BEARISH | 03/21/25 | $13.0 | $12.6 | $13.0 | $125.00 | $650.0K | 1.0K | 0 |
| BX | PUT | SWEEP | BULLISH | 07/19/24 | $2.07 | $2.06 | $2.06 | $120.00 | $110.6K | 2.2K | 7 |
| BX | PUT | SWEEP | BULLISH | 03/21/25 | $12.8 | $12.65 | $12.65 | $125.00 | $84.7K | 1.0K | 1.0K |
| BX | PUT | SWEEP | BEARISH | 07/19/24 | $2.14 | $2.06 | $2.06 | $120.00 | $58.9K | 2.2K | 7 |
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).
In light of the recent options history for Blackstone, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Blackstone
- Trading volume stands at 572,670, with BX's price down by -0.68%, positioned at $122.56.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 13 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Blackstone with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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