Blackstone Unusual Options Activity For August 23
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $90.0 to $105.0 for Blackstone over the last 3 months. The price of BX is currently up 1.19% at $99.43.
August 23, 2023 | 7:20 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Blackstone. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates that there may be a belief that the stock's price will decrease. This could potentially lead to a self-fulfilling prophecy as other investors react to this activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100