Market News

October 17, 2016  Mon 6:45 AM CT

A large trader apparently believes that a drop may be coming in Blackstone.

optionMONSTER's monitoring program shows that 16,113 Weekly 25.50 puts that expired last week were sold for $1.77 while 16,113 Weekly 25.50 puts expiring on Nov. 25 were purchased for $2.25 on Friday. Volume was below open interest in the expired contracts, showing that a bearish position was rolled forward by sixe weeks to a lower strike.

Long puts lock in the price where a stock can be sold, so they make money if shares decline. Investors use them to hedge long positions or to speculate on a drop. (See our Education section)

BX fell 0.67 percent to $23.68 on Friday and is down 7 percent in the last month. The private-equity firm is scheduled to report earnings in pre-market hours on Oct. 27.

Overall option volume in the name was 3 times greater than average on Friday. Puts outnumbered calls by a bearish 5-to-1 ratio.

News Archives

Education & Strategy

From the AP Archives: If It's Not There...

I have talked at great length about the fact that as an individual investor, you do not have to be in the market at all times.

More education articles »