Bearish flow noted in Blackstone with 8,226 puts trading, or 3x expected. Most active are May-24 120 puts and Apr-24 130 calls, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 2.05, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 18th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Rexford Industrial acquires Blackstone industrial assets for $1B
- Blackstone to provide up to $750M to fund Moderna’s influenza program
- KeyCorp, Blackstone Credit announce forward flow origination partnership
- Blackstone put volume heavy and directionally bearish
- Blackstone price target raised to $147 from $146 at BofA