Investors with a lot of money to spend have taken a bullish stance on BlackRock (NYSE:BLK).

And retail traders should know.

We noticed this today when the trades 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 BLK, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for BlackRock.

This isn't normal.

The overall sentiment of these big-money traders is split between 48% bullish and 22%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $192,240, and 22 are calls, for a total amount of $1,272,775.

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 $270.0 to $1100.0 for BlackRock during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in BlackRock's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to BlackRock's substantial trades, within a strike price spectrum from $270.0 to $1100.0 over the preceding 30 days.

BlackRock Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About BlackRock

BlackRock's Current Market Status

• Currently trading with a volume of 462,134, the BLK's price is down by -2.19%, now at $990.52.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 8 days.

Professional Analyst Ratings for BlackRock

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $1209.0.

Unusual Options Activity Detected: Smart Money on the Move

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 BlackRock, Benzinga Pro gives you real-time options trades alerts.