Spotlight on Blackstone: Analyzing the Surge in Options Activity

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 38 trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 39% with bearish.

From the overall spotted trades, 29 are puts, for a total amount of $1,281,354 and 9, calls, for a total amount of $858,644.

Projected Price Targets

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 $160.0 for Blackstone during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $95.0 to $160.0 in the last 30 days.

Blackstone 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BX CALL TRADE NEUTRAL 05/17/24 $4.0 $3.9 $3.95 $125.00 $306.1K 483 792
BX PUT SWEEP BEARISH 01/17/25 $14.4 $14.1 $14.4 $125.00 $161.2K 1.8K 238
BX CALL TRADE BEARISH 01/17/25 $8.1 $7.95 $8.0 $140.00 $120.0K 1.7K 150
BX CALL SWEEP BULLISH 07/19/24 $2.57 $2.56 $2.56 $140.00 $108.0K 938 821
BX CALL SWEEP BULLISH 05/17/24 $2.06 $2.0 $2.06 $130.00 $90.4K 1.1K 1.0K

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).

Following our analysis of the options activities associated with Blackstone, we pivot to a closer look at the company's own performance.

Current Position of Blackstone

  • With a trading volume of 1,533,710, the price of BX is up by 0.59%, reaching $122.6.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 1 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Blackstone with Benzinga Pro for real-time alerts.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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