High-rolling investors have positioned themselves bullish on BlackRock BLK, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BLK often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for BlackRock. This is not a typical pattern.
The sentiment among these major traders is split, with 40% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $90,100, and 9 calls, totaling $380,745.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $600.0 to $1120.0 for BlackRock over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for BlackRock's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across BlackRock's significant trades, within a strike price range of $600.0 to $1120.0, over the past month.
BlackRock Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLK | PUT | TRADE | BULLISH | 12/18/26 | $96.0 | $87.9 | $90.1 | $980.00 | $90.1K | 9 | 0 |
| BLK | CALL | TRADE | BEARISH | 03/21/25 | $65.5 | $58.7 | $61.0 | $1020.00 | $61.0K | 89 | 10 |
| BLK | CALL | TRADE | BULLISH | 01/16/26 | $81.2 | $77.9 | $81.2 | $1120.00 | $56.8K | 5 | 7 |
| BLK | CALL | TRADE | NEUTRAL | 01/17/25 | $79.4 | $75.6 | $77.5 | $970.00 | $54.2K | 119 | 7 |
| BLK | CALL | TRADE | BULLISH | 01/17/25 | $39.1 | $38.2 | $39.1 | $1020.00 | $46.9K | 217 | 13 |
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
Current Position of BlackRock
- With a trading volume of 261,854, the price of BLK is up by 0.84%, reaching $1037.37.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 18 days from now.
What Analysts Are Saying About BlackRock
3 market experts have recently issued ratings for this stock, with a consensus target price of $1227.0.
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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. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for BlackRock, targeting a price of $1220. * An analyst from Citigroup persists with their Buy rating on BlackRock, maintaining a target price of $1200. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1261.
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 BlackRock 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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