Blackstone Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards Blackstone BX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Blackstone. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 43% leaning bullish and 56% bearish. Among these notable options, 14 are puts, totaling $1,032,658, and 2 are calls, amounting to $213,858.

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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 $110.0 to $150.0 for Blackstone over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Blackstone stands at 1265.36, with a total volume reaching 3,128.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Blackstone, situated within the strike price corridor from $110.0 to $150.0, throughout the last 30 days.

Blackstone Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Blackstone

Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% 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 in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

Having examined the options trading patterns of Blackstone, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Blackstone

• Trading volume stands at 573,990, with BX's price down by -0.17%, positioned at $127.64.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 24 days.

Professional Analyst Ratings for Blackstone

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $147.0.

• An analyst from B of A Securities has decided to maintain their Buy rating on Blackstone, which currently sits at a price target of $147.

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.