Smart Money Is Betting Big In BLK Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a significant bearish stance on BlackRock (NYSE:BLK), with options trading data revealing 75% bearish sentiment among high-value trades. A total of 16 unusual options trades were spotted, with puts outnumbering calls, indicating expectations of a price movement between $550 and $1030. BlackRock, the world's largest asset manager with $10.008 trillion in AUM, has seen its stock price slightly increase, with analysts giving mixed reviews and target prices ranging from $767 to $1025.
April 15, 2024 | 5:16 pm
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Significant bearish options activity detected in BlackRock, with a notable imbalance towards puts. Analyst ratings offer a mixed outlook, yet the stock shows a slight increase in price.
The bearish sentiment among smart money investors, indicated by the predominance of put options, suggests a short-term negative impact on BLK's stock price. However, the slight increase in stock price and mixed analyst ratings introduce uncertainty, justifying a high relevance and importance but slightly lower confidence in the prediction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100