BlackRock Whale Trades Spotted

BlackRock Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on BlackRock.

Looking at options history for BlackRock BLK we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $477,080 and 5, calls, for a total amount of $541,840.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $750.0 for BlackRock over the last 3 months.

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 BlackRock'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 BlackRock's whale activity within a strike price range from $500.0 to $750.0 in the last 30 days.

BlackRock Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BLK CALL TRADE BEARISH 01/20/23 $590.00 $304.0K 20 64
BLK PUT SWEEP BEARISH 11/18/22 $520.00 $182.5K 14 0
BLK CALL TRADE BEARISH 01/20/23 $590.00 $122.2K 20 90
BLK PUT TRADE BULLISH 01/20/23 $570.00 $90.8K 347 46
BLK PUT SWEEP BEARISH 11/18/22 $500.00 $78.7K 16 36

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BLK CALL TRADE BEARISH 01/20/23 $590.00 $304.0K 20 64
BLK PUT SWEEP BEARISH 11/18/22 $520.00 $182.5K 14 0
BLK CALL TRADE BEARISH 01/20/23 $590.00 $122.2K 20 90
BLK PUT TRADE BULLISH 01/20/23 $570.00 $90.8K 347 46
BLK PUT SWEEP BEARISH 11/18/22 $500.00 $78.7K 16 36

Where Is BlackRock Standing Right Now?

  • With a volume of 405,207, the price of BLK is up 1.11% at $585.02.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 14 days.

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.

Posted In: BZI-UOAOptionsMarkets