Blackstone's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish sentiment towards Blackstone (NYSE:BX) with 80% of significant options activity being bearish. Benzinga's options scanner detected 10 unusual options activities, with 4 puts and 6 calls. The expected price range for BX is $60 to $120 over the next three months. The largest options trades include bullish calls with a strike price of $100 and bearish puts with strike prices of $85 and $105. Blackstone, with $1.001 trillion AUM, is currently trading at $106.5, up by 1.47%, and may be approaching overbought territory. Earnings release is expected in 66 days.
November 20, 2023 | 8:16 pm
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Blackstone has seen a bearish trend in options trading with 80% of the significant options activity being bearish. The stock is currently up by 1.47% and trading at $106.5, but RSI readings suggest it may be approaching overbought territory. Earnings are expected in 66 days.
The bearish sentiment in options trading, coupled with the RSI indicating a potential overbought status, suggests that the stock price may face downward pressure in the short term. The upcoming earnings release could also contribute to increased volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100