Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 20, 2013  Wed 3:47 AM CT

BX: SEE CHART GET CHAIN FIND STRATEGIES
Private-equity firm Blackstone saw enormous call action after climbing to a five-year high yesterday.

optionMONSTER systems show that 115,000 January 2015 30 calls were bought in two blocks of 53,040 for $0.42 and $0.43, far above the strike's previous open interest of just 948 contracts. Less than a minute earllier, a block of 13,600 January 2014 15 calls was sold for $4.45 in volume below the open interest of more than 48,000.

This appears to be a roll, with the trader selling the deep in-the-money 15 calls and using the proceeds to buy a much larger position in the farther-out 30 long calls. (See our Education section)

BX closed yesterday down 0.83 percent to $19.15 after peaking at $19.69 in the morning, its highest level since May 2008. Shares have been running up from support at $11.13 reached last May.

Total option volume in BX topped 139,000 contracts, twice its daily average in the last month.
Share this article with your friends


Related Stories

BX

Vote of confidence for Blackstone

August 21, 2014

The investment manager has pulled back since reporting earnings last month, but one large trader is betting that shares will hold firm through next spring.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER