Blackstone Unusual Options Activity For July 03
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 81% of the detected trades being bearish. The trades include 3 puts for a total of $368,064 and 8 calls for a total of $447,948. The targeted price range for Blackstone over the last 3 months is from $85.0 to $125.0. The current price of BX is up 1.93% at $94.76, and the next earnings are expected in 17 days.
July 03, 2023 | 7:48 pm
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A significant investor has taken a bearish stance on Blackstone, with the majority of trades being bearish. The targeted price range for Blackstone over the last 3 months is from $85.0 to $125.0. The current price of BX is up 1.93% at $94.76.
The bearish stance taken by a significant investor, along with the majority of trades being bearish, indicates a potential downward pressure on the stock price. The targeted price range also suggests that the investor expects the price to fluctuate within this range. The current price increase may be temporary, and the upcoming earnings release could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100