A whale with a lot of money to spend has taken a noticeably bullish stance on BlackRock.
Looking at options history for BlackRock (NYSE:BLK) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $650,030 and 2, calls, for a total amount of $94,527.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $530.0 to $780.0 for BlackRock over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for BlackRock options trades today is 59.2 with a total volume of 177.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BlackRock's big money trades within a strike price range of $530.0 to $780.0 over the last 30 days.
BlackRock Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BLK | PUT | TRADE | BULLISH | 07/15/22 | $620.00 | $207.4K | 177 | 1 |
| BLK | PUT | TRADE | BULLISH | 07/15/22 | $620.00 | $120.6K | 177 | 83 |
| BLK | PUT | TRADE | BULLISH | 06/17/22 | $530.00 | $77.3K | 34 | 0 |
| BLK | CALL | TRADE | BULLISH | 07/15/22 | $580.00 | $56.7K | 0 | 41 |
| BLK | PUT | TRADE | BEARISH | 07/15/22 | $780.00 | $51.3K | 36 | 3 |
Where Is BlackRock Standing Right Now?
- With a volume of 803,991, the price of BLK is down -1.66% at $614.33.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 72 days.
What The Experts Say On BlackRock:
- Morgan Stanley has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $966.
- Deutsche Bank has decided to maintain their Buy rating on BlackRock, which currently sits at a price target of $905.
- Citigroup has decided to maintain their Buy rating on BlackRock, which currently sits at a price target of $900.
- BMO Capital has decided to maintain their Market Perform rating on BlackRock, which currently sits at a price target of $734.
- Deutsche Bank has decided to maintain their Buy rating on BlackRock, which currently sits at a price target of $950.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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