Spotlight on Blackstone: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) has seen a surge in options activity, with a bullish sentiment from the majority of trades. Analysis of options history revealed 38 trades, with 60% bullish and 39% bearish. The trades include 29 puts and 9 calls, indicating a price target range of $95.0 to $160.0. The largest options trades include both bullish and bearish sentiments, with strike prices ranging from $125.00 to $140.00. Blackstone, the world's largest alternative-asset manager, has $1.040 trillion in assets under management. The stock price is currently $122.6, with an upcoming earnings report.
April 17, 2024 | 4:31 pm
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POSITIVE IMPACT
Blackstone's bullish options activity and significant assets under management highlight investor confidence. The stock's current price of $122.6 and the upcoming earnings report may influence short-term price movements.
The bullish sentiment in options trading, combined with Blackstone's substantial assets under management and the proximity to the earnings report, suggests a positive short-term outlook for BX. The detailed options activity, including both bullish and bearish trades, reflects a dynamic market view but the overall bullish majority and the company's strong financial position may outweigh bearish concerns in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100