Blackstone Unusual Options Activity For February 08

Whales with a lot of money to spend have taken a noticeably bullish stance on Blackstone.

Looking at options history for Blackstone BX we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $373,916 and 4, calls, for a total amount of $275,620.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $145.0 for Blackstone over the recent three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Blackstone's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Blackstone's substantial trades, within a strike price spectrum from $70.0 to $145.0 over the preceding 30 days.

Blackstone 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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).

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.

Current Position of Blackstone

• With a trading volume of 1,321,721, the price of BX is down by -0.27%, reaching $125.75.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 70 days from now.

Expert Opinions on Blackstone

In the last month, 5 experts released ratings on this stock with an average target price of $119.0.

• Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Blackstone with a target price of $96.
• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Blackstone with a target price of $140.
• An analyst from BMO Capital persists with their Market Perform rating on Blackstone, maintaining a target price of $101.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Blackstone with a target price of $134.
• Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $124.

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 Blackstone options trades with real-time alerts from Benzinga Pro.