Blackstone's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed significant bearish sentiment among deep-pocketed investors towards Blackstone (NYSE:BX), with 75% of the notable options activity being bearish. The options activity suggests a target price range of $65.0 to $160.0 for BX over the last 3 months. The largest trades included both bullish and bearish positions, with varying strike prices and expiration dates. Blackstone, a major alternative asset manager with $1.001 trillion AUM, saw its stock price slightly down at $129.04, and an earnings announcement is expected in 38 days.
December 18, 2023 | 3:01 pm
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Blackstone's stock may face short-term pressure due to the bearish sentiment reflected in options trading, with a significant portion of investors betting on price declines.
The bearish sentiment among investors, as indicated by the options activity, suggests that there is a belief that Blackstone's stock price may decline. This could be due to a variety of factors, including market conditions, company performance, or broader economic trends. The upcoming earnings announcement could also contribute to volatility. The confidence score is not at the maximum due to the unpredictable nature of the market and the fact that options trading does not always accurately predict stock movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100