A Closer Look at Blackstone's Options Market Dynamics

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 8 uncommon options trades for Blackstone.

This isn't normal.

The overall sentiment of these big-money traders is split between 12% bullish and 50%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $82,300, and 6 are calls, for a total amount of $330,121.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $160.0 for Blackstone during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Blackstone's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Blackstone's significant trades, within a strike price range of $110.0 to $160.0, over the past month.

Blackstone Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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).

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

Blackstone's Current Market Status

• With a trading volume of 1,305,226, the price of BX is down by -0.94%, reaching $135.72.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 1 days from now.

What The Experts Say On Blackstone

In the last month, 2 experts released ratings on this stock with an average target price of $130.0.

• Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Blackstone with a target price of $126.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $134.

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.