Calls Purchased on The Blackstone Group

Shares of The Blackstone Group

are lower on the session by 0.35%, currently trading at $16.87. The stock has been moving largely lower over the past three months and is currently consolidating above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the January 2013 $20.00 call traded 14,000 times on open interest of 1,197 contracts. Overall call volume is now running at 7.92x the daily average with 98% of all calls traded being purchases on the offer. The Blackstone Group L.P. is a manager of private capital and provider of financial advisory services. Blackstone is an independent manager of private capital with assets under management of $128.1 billion, as of December 31, 2010.