Blackstone Unusual Options Activity For October 09
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Blackstone's (NYSE:BX) options activity. Of the 17 unusual trades detected, 58% were bearish and 41% bullish. The total amount for puts was $741,731 and for calls was $434,818. Whales have been targeting a price range from $40.0 to $110.0 for Blackstone over the last 3 months. The price of BX is currently down -0.6% at $104.5. HSBC has downgraded its action to Hold with a price target of $113.
October 09, 2023 | 6:45 pm
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NEGATIVE IMPACT
Bearish stance observed in Blackstone's options activity. HSBC has downgraded its action to Hold with a price target of $113.
The bearish stance in Blackstone's options activity, coupled with HSBC's downgrade, indicates a potential negative short-term impact on the stock. The high volume of puts suggests that investors are expecting the price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100