28000/14000 BX Sep 26 calls over Sep 22 puts went up in 2 large blocks on the PHLX.?
Shares of Blackstone Group LP (BX) are up .49 to 23.90 today. ?BX is at the lower end of the 52 week range.
- Paper traded 28000/14000 BX Sep 26 calls over Sep 22 puts for .43/.77.?
- The ADV is 10699 per day.?
- The OI is 1003 and 2453 contracts.
The volume went up in 2 large blocks on the PHLX.? The trade as priced looks like buying 2 calls for every put sold at the 22 strike.? The trader wants to generate large upside leverage if BX can start generating bigger earnings.
- IV 30 is trading 34%.?
- HV10 is trading for 55%.?
- IV 30 is trading below 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. Its segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. Its Private Equity segment focuses on identifying, managing and creating lasting value for its investors. Its Private Equity segment includes corporate private equity funds, tactical opportunities, strategic partners and Blackstone Total Alternatives Solution (BTAS)