Blackstone Group LP (BX) $16.64 -0.29%
Big roll in Blackrock (BX) yesterday. Shares of the New York asset management firm drifted 11 cents lower to $16.69 on the day and a Jan 15 – Jan14 $20 call spread trades at $1.31, 15000X. The Jan 2014 20 calls were opened and the flow in the Jan 15s, which are in-the-money with almost 60K in open interest (largest in BX), were probably closed after a 31 percent gain in the stock since November.
Category: All Stocks, Financial Services, Mid Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
