27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Blackstone.
Looking at options history for Blackstone (NYSE:BX) we detected 25 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $3,935,022 and 12, calls, for a total amount of $636,160.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $170.0 for Blackstone over the last 3 months.
Volume & Open Interest Development
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 $70.0 to $170.0 in the last 30 days.
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Blackstone Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BX | PUT | TRADE | BULLISH | 01/21/22 | $125.00 | $3.4M | 3.7K | 2.8K |
| BX | CALL | TRADE | NEUTRAL | 01/21/22 | $100.00 | $96.2K | 359 | 4 |
| BX | CALL | SWEEP | BULLISH | 06/17/22 | $120.00 | $95.1K | 1.2K | 288 |
| BX | CALL | SWEEP | BULLISH | 01/20/23 | $130.00 | $80.0K | 1.5K | 105 |
| BX | PUT | SWEEP | BULLISH | 06/16/23 | $95.00 | $67.1K | 197 | 61 |
Where Is Blackstone Standing Right Now?
- With a volume of 3,090,629, the price of BX is up 0.09% at $111.66.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Blackstone:
- Morgan Stanley has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $165.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.