Options Trading News

March 20, 2013  Wed 3:47 AM CT

The Blackstone Group attracted a large bullish trade even as the financial-management firm's shares fell yesterday.

optionMONSTER's Heat Seeker system shows that a trader bought 15,500 January 25 calls for the ask price of $0.62 and, seconds later, sold the same number of January 30 calls for the bid price of $0.11. The volume was more than 5 times the previous open interest at each strike, so this is clearly new activity.

The resulting vertical spread cost $0.51 to open, or a total of $790,500. The maximum gain of $4.49, or $6,959,500, would be realized if BX is above $30 at the expiration early next year. (See our Education section)

BX finished the day at $20.08, down 1.52 percent. Shares hit a high of $21.09 on Friday.

More than 42,000 BX options traded on the day, compared to a daily average of 14,000 in the last month. Calls outpaced puts by more than 10 to 1. 
Share this article with your friends

Related Stories


Notable option activity in equities

November 11, 2015

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »