Blackstone Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish, with 6 puts and 4 calls identified. The targeted price range for Blackstone over the last 3 months is from $95.0 to $135.0. Morgan Stanley has downgraded its action to Overweight with a price target of $125.
September 13, 2023 | 3:30 pm
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Unusual options activity indicates a bearish stance on Blackstone. The sentiment among big-money traders is 90% bearish.
The unusual options activity, with a 90% bearish sentiment among big-money traders, indicates a potential downward movement for Blackstone's stock in the short term. This is further supported by Morgan Stanley's downgrade of its action to Overweight with a price target of $125.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100