Investors with a lot of money to spend have taken a bearish stance on Blackstone (NYSE:BX).
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 BX, 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 17 uncommon options trades for Blackstone.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 52%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $565,967, and 4 are calls, for a total amount of $276,661.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $130.0 for Blackstone, spanning the last three 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 $110.0 to $130.0 in the last 30 days.
Blackstone Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
About Blackstone
Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% and 21%), and hedge fund solutions (10% and 8%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Having examined the options trading patterns of Blackstone, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Blackstone Standing Right Now?
- With a volume of 753,657, the price of BX is down -1.32% at $122.41.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 66 days.
Professional Analyst Ratings for Blackstone
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $127.4.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Blackstone, targeting a price of $135.
- Reflecting concerns, an analyst from Barclays lowers its rating to Equal-Weight with a new price target of $125.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Blackstone with a target price of $145.
- An analyst from B of A Securities persists with their Buy rating on Blackstone, maintaining a target price of $132.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Blackstone with a target price of $100.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Blackstone options trades with real-time alerts from Benzinga Pro.
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