Blackstone Unusual Options Activity For September 28

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

Looking at options history for Blackstone BX we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $670,648 and 2, calls, for a total amount of $395,190.

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 $107.0 to $118.0 for Blackstone over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $107.0 to $118.0 in the last 30 days.

Blackstone Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BX CALL SWEEP BULLISH 11/17/23 $110.00 $368.9K 415 938
BX PUT SWEEP BEARISH 10/06/23 $118.00 $155.0K 250 236
BX PUT SWEEP BEARISH 10/20/23 $110.00 $137.5K 14.2K 246
BX PUT SWEEP BULLISH 10/20/23 $110.00 $85.1K 14.2K 425
BX PUT SWEEP NEUTRAL 10/06/23 $118.00 $74.6K 250 75

Where Is Blackstone Standing Right Now?

  • With a volume of 868,612, the price of BX is up 0.96% at $107.57.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 21 days.

What The Experts Say On Blackstone:

  • Morgan Stanley downgraded its action to Overweight with a price target of $125

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

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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