Spotlight on Blackstone: Analyzing the Surge in Options Activity

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 positions 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.

Today, Benzinga's options scanner spotted 10 options trades for Blackstone.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,229, and 9, calls, for a total amount of $781,218.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $135.0 for Blackstone during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Blackstone options trades today is 2512.25 with a total volume of 824.00.

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 $95.0 to $135.0 over the last 30 days.

Blackstone Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BX CALL TRADE BEARISH 01/17/25 $125.00 $230.2K 1.1K 150
BX CALL TRADE BEARISH 01/17/25 $125.00 $153.0K 1.1K 150
BX CALL SWEEP BULLISH 06/21/24 $135.00 $96.0K 3.6K 200
BX CALL SWEEP BEARISH 03/15/24 $95.00 $83.8K 0 116
BX CALL SWEEP NEUTRAL 03/15/24 $95.00 $68.6K 0 52

About Blackstone

Blackstone is the world's largest alternative asset managers with $1.001 trillion in total asset under management, including $731.1 billion in fee-earning asset under management, at the end of June 2023. The company has four core business segments: private equity (23% of fee-earning AUM and 27% of base management fees); real estate (39% and 44%); credit & insurance (28% and 21%); and hedge fund solutions (10% and 8%). 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 located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

After a thorough review of the options trading surrounding Blackstone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Blackstone

  • Trading volume stands at 988,995, with BX's price down by -0.11%, positioned at $123.23.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 76 days.

Professional Analyst Ratings for Blackstone

In the last month, 5 experts released ratings on this stock with an average target price of $125.2.

  • An analyst from Morgan Stanley persists with their Overweight rating on Blackstone, maintaining a target price of $144.
  • Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Market Perform rating on Blackstone with a target price of $127.
  • An analyst from Citigroup downgraded its action to Neutral with a price target of $124.
  • Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Blackstone with a target price of $101.
  • An analyst from Wells Fargo has decided to maintain their Overweight rating on Blackstone, which currently sits at a price target of $130.

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.

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Posted In: OptionsMarketsBZI-UOA
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