The Blackstone Group (BX) is trading down .03 to 19.75.? The near the high end of the 52-week range.
Today paper traded a block of the BX Jan 2015 30 calls for .63 5,350 times and 23,260 contracts for 0.61.? Average volume is 39,000 contracts per day in the name.? Open interest is 125,367 contracts.
The calls traded on the bid and looked like a seller who is continuing with the same M.O. by writing these OTM calls or taking a profit on a long call. The open interest on this strike is the highest of any series trading in BX.? The story after tomorrow?s open interest will help.
30-day implied volatility is 31%.? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services.