Bearish flow noted in Blackstone with 13,160 puts trading, or 1.2x expected. Most active are Apr-23 75 puts and 4/6 weekly 80 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.75, while ATM IV is up over 8 points on the day. Earnings are expected on April 20th.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BX:
- ‘Our Best Long-Term Picks’: Morgan Stanley Suggests 3 High-Quality Stocks to Buy Now
- Blackstone opens new office in Frankfurt
- Buyout titans weighing purchases from SVB loan book, FT reports
- Cvent Gains on $4.6B Acquisition by Blackstone
- Cvent will not not provide guidance nor conference call due to Blackstone deal
