Bearish flow noted in Blackstone Mortgage with 3,359 puts trading, or 5x expected. Most active are Jan-25 8 puts and Dec-23 22 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 6.39, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 7th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BXMT:
- Blackstone Mortgage call volume above normal and directionally bullish
- Blackstone Mortgage put volume heavy and directionally bearish
- Largest borrow rate increases among liquid names
- Blackstone Mortgage price target lowered to $22 from $25 at BTIG
- Blackstone Mortgage reports Q3 EPS 78c, consensus 69c