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 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $250,670 and 7, calls, for a total amount of $229,043.
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 $430.0 to $1030.0 for BlackRock over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for BlackRock options trades today is 131.0 with a total volume of 89.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BlackRock's big money trades within a strike price range of $430.0 to $1030.0 over 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 | PUT | TRADE | NEUTRAL | 01/19/24 | $1030.00 | $63.4K | 0 | 2 |
| BLK | PUT | SWEEP | BULLISH | 06/16/23 | $590.00 | $46.6K | 62 | 0 |
| BLK | CALL | TRADE | BEARISH | 06/16/23 | $690.00 | $45.8K | 34 | 5 |
| BLK | PUT | TRADE | BEARISH | 01/19/24 | $700.00 | $41.5K | 50 | 2 |
| BLK | PUT | SWEEP | BULLISH | 06/16/23 | $650.00 | $40.3K | 19 | 25 |
Where Is BlackRock Standing Right Now?
- With a volume of 372,748, the price of BLK is up 0.47% at $713.61.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 37 days.
What The Experts Say On BlackRock:
- Goldman Sachs has decided to maintain their Buy rating on BlackRock, which currently sits at a price target of $741.
- Deutsche Bank has decided to maintain their Buy rating on BlackRock, which currently sits at a price target of $846.
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.
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