Whales with a lot of money to spend have taken a noticeably bearish stance on BlackRock.
Looking at options history for BlackRock BLK we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $298,011 and 11, calls, for a total amount of $433,330.
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 $800.0 to $1055.0 for BlackRock during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of BlackRock stands at 58.7, with a total volume reaching 210.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BlackRock, situated within the strike price corridor from $800.0 to $1055.0, throughout the last 30 days.
BlackRock Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLK | PUT | SWEEP | BEARISH | 03/21/25 | $50.6 | $46.7 | $47.7 | $1000.00 | $186.0K | 37 | 39 |
| BLK | CALL | SWEEP | BEARISH | 01/15/27 | $279.8 | $276.3 | $276.88 | $820.00 | $110.7K | 0 | 5 |
| BLK | PUT | SWEEP | BEARISH | 03/21/25 | $57.1 | $56.5 | $57.1 | $1020.00 | $68.5K | 28 | 0 |
| BLK | CALL | SWEEP | BEARISH | 12/20/24 | $57.0 | $53.0 | $53.0 | $980.00 | $53.0K | 202 | 20 |
| BLK | CALL | TRADE | BEARISH | 12/20/24 | $96.0 | $90.1 | $90.1 | $950.00 | $45.0K | 90 | 10 |
About BlackRock
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% 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.
Having examined the options trading patterns of BlackRock, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
BlackRock's Current Market Status
- With a trading volume of 587,223, the price of BLK is down by -0.23%, reaching $1012.03.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 65 days from now.
What Analysts Are Saying About BlackRock
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1044.2.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JP Morgan persists with their Neutral rating on BlackRock, maintaining a target price of $914. * An analyst from TD Cowen persists with their Buy rating on BlackRock, maintaining a target price of $1077. * An analyst from Evercore ISI Group has decided to maintain their Outperform rating on BlackRock, which currently sits at a price target of $1040. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for BlackRock, targeting a price of $1070. * An analyst from Barclays has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1120.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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