Looking At Blackstone's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Blackstone (NYSE:BX) indicates a bearish sentiment among big-money traders. Benzinga's options scanner identified 9 uncommon options trades, with 55% being bearish. The total amount for puts is $1,455,349, while calls amount to $184,222. Analysts have mixed ratings on Blackstone, with target prices ranging from $134 to $164.
July 29, 2024 | 7:01 pm
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Unusual options activity for Blackstone (NYSE:BX) shows a bearish sentiment among big-money traders. The total amount for puts is $1,455,349, while calls amount to $184,222. Analysts have mixed ratings with target prices ranging from $134 to $164.
The significant amount of bearish options activity suggests that big-money traders expect a decline in Blackstone's stock price. This sentiment is reinforced by the higher amount of puts compared to calls. However, mixed analyst ratings provide some balance, indicating a range of potential outcomes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100