8500/17000 BX Mar 24/22 put spreads went up in two blocks on the CBOE marked spread
Shares of Blackstone Group (BX) are down .12 to 27.82 today.? BX is near the middle of the 52 week range.
- Paper traded 8500/17000 BX Mar 24/22 put spreads for .09.? ?
- The ADV is 13272.?
- The OI is less than 100 contracts.
The trade went up in two blocks on the CBOE marked spread.? Price wise the trade is a buy 2 and sell 1 put spread, so the trader is looking for protection or betting on a big drop in the underlying.? The low price nature of the position looks like a protective trade.
- IV 30 is trading for 23.?
- HV10 is trading for 22.?
- IV 30 is trading over 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.