OptionsHouse

Options Trading News

March 20, 2013  Wed 3:47 AM CT

BX: SEE CHART GET CHAIN FIND STRATEGIES
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

BX

Bulls bet Blackstone will keep rising

April 10, 2015

The private-equity company is trading at all-time highs after announcing this morning that it will buy real-estate investment trust Excel for $2 billion in cash.

OptionsHouse

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »