A whale with a lot of money to spend has taken a noticeably bearish stance on Blackstone.
Looking at options history for Blackstone (NYSE:BX) we detected 28 strange trades.
Someone with a lot of money to spend has taken a bearish stance on Blackstone (NYSE:BX).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
The Office of the Chief Investment Officer of the Regents of the University of California announced a $4 billion investment in Blackstone Inc’s (NYSE: BX) Real Estate Income Trust (BREIT) Class I common shares. The deal guarantees UC an 11.25% annualized return over a six-year hold period.
While specific segments of the commercial real estate (CRE) market such as industrial and healthcare are performing well, others like office and retail are alarming investors.
Rising interest rates are heightening those concerns. In response, investors are actively reducing their exposure to the CRE market.