Looking At BlackRock's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for BlackRock (NYSE:BLK), with a majority of investors taking a bearish stance. Of the 16 strange trades detected, 56% were bearish and 43% bullish. The total amount for puts was $840,158 and for calls was $76,490. Whales have been targeting a price range from $270.0 to $730.0 for BlackRock over the last 3 months. The stock is currently down 2.6% at $694.0. Several financial institutions have maintained their positive ratings on BlackRock, with price targets ranging from $785 to $888.
August 08, 2023 | 4:46 pm
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BlackRock has seen unusual options activity, with a majority of investors taking a bearish stance. The stock is currently down 2.6% at $694.0. However, several financial institutions have maintained their positive ratings on BlackRock, with price targets ranging from $785 to $888.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the stock price to decrease. This could put downward pressure on the stock price in the short term. However, the positive ratings and high price targets from financial institutions suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100