BlackRock Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for BlackRock (NYSE:BLK), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. The options trades target a price range from $530.0 to $900.0 for BlackRock over the last 3 months. Major banks including Morgan Stanley, Deutsche Bank, Wells Fargo, and JP Morgan have maintained their positive ratings on BlackRock, with price targets ranging from $708 to $897.
October 30, 2023 | 6:16 pm
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POSITIVE IMPACT
Unusual options activity and positive ratings from major banks indicate a bullish stance on BlackRock. The options trades target a price range from $530.0 to $900.0 over the next 3 months.
The unusual options activity, with a large position indicating a bullish stance, suggests that investors expect BlackRock's stock price to rise. This is further supported by the positive ratings and high price targets given by major banks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100