Deep-pocketed investors have adopted a bullish 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 8 extraordinary options activities for Blackstone. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $276,530, and 4 are calls, amounting to $400,532.
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 $125.0 to $205.0 for Blackstone during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Blackstone options trades today is 1246.14 with a total volume of 166.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Blackstone's big money trades within a strike price range of $125.0 to $205.0 over the last 30 days.
Blackstone Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BX | CALL | TRADE | BEARISH | 01/17/25 | $64.4 | $62.15 | $62.15 | $125.00 | $124.3K | 1.7K | 20 |
| BX | CALL | TRADE | NEUTRAL | 01/17/25 | $56.25 | $55.4 | $55.75 | $130.00 | $111.5K | 3.2K | 40 |
| BX | PUT | TRADE | BULLISH | 01/03/25 | $7.55 | $6.3 | $6.8 | $190.00 | $108.8K | 165 | 1 |
| BX | CALL | TRADE | BEARISH | 01/17/25 | $49.0 | $47.5 | $47.5 | $140.00 | $95.0K | 2.1K | 20 |
| BX | PUT | TRADE | BULLISH | 02/21/25 | $13.35 | $8.7 | $10.5 | $190.00 | $94.5K | 260 | 0 |
About Blackstone
Blackstone is the world's largest alternative-asset manager with $1.108 trillion in total asset under management, including $820.5 billion in fee-earning assets under management, at the end of September 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 30% of base management fees), real estate (35% and 39%), credit and insurance (31% and 24%), and multi-asset investing (9% and 7%). 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).
Following our analysis of the options activities associated with Blackstone, we pivot to a closer look at the company's own performance.
Blackstone's Current Market Status
- Trading volume stands at 238,094, with BX's price down by -2.17%, positioned at $184.38.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 37 days.
What Analysts Are Saying About Blackstone
In the last month, 3 experts released ratings on this stock with an average target price of $208.0.
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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 TD Cowen upgraded its action to Buy with a price target of $230. * In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $195. * An analyst from Barclays has decided to maintain their Equal-Weight rating on Blackstone, which currently sits at a price target of $199.
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 Blackstone, 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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