Blackstone's Options: A Look at What the Big Money is Thinking

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 20 uncommon options trades for Blackstone.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 50%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $1,323,726, and 6 are calls, for a total amount of $341,512.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $185.0 for Blackstone over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Blackstone's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Blackstone's whale trades within a strike price range from $100.0 to $185.0 in the last 30 days.

Blackstone Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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).

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.

Where Is Blackstone Standing Right Now?

• With a trading volume of 604,781, the price of BX is down by -0.71%, reaching $162.73.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 55 days from now.

Expert Opinions on Blackstone

5 market experts have recently issued ratings for this stock, with a consensus target price of $177.4.

Turn $1000 into $1270 in just 20 days?

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 Blackstone, maintaining a target price of $154. * An analyst from Barclays persists with their Equal-Weight rating on Blackstone, maintaining a target price of $186. * Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Blackstone, targeting a price of $190. * Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Blackstone with a target price of $180. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Blackstone, targeting a price of $177.

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.