Shares of The Blackstone Group LP (BX) are up .09 to 29.40 today. BX is near the top of the 52 week range.
- Paper traded 15200 BX Jan19?18 calls over BX Jan18?19 30 calls for 2.30 and 3.30.
- The ADV is 19644 contracts.
- The open interest is 27802 and 10733 contracts.
The volume went up in 2 blocks on the PHLX marked spread. There is substantial OI on the calls on the Jan19?18 calls so the trader looks like they are taking this opportunity to roll to the Jan 2019s. As priced it looks like they want to keep the long delta going for another $1 but forego the dividends.
- IV 30 is trading for 29%.
- HV10 is trading for 15%.
- IV 30 is above the HV 10.
The Blackstone Group L.P. (Blackstone) is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies.