Looking at the BX Blackstone options chain ahead of earnings , I would buy the $86 strike price Puts with
2023-2-17 expiration date for about
$3.50 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 26, 2022 with a closing price of...
In my opinion, BX or BlackStone Group Inc will not be an exception to the latest global calamity regarding the coronavirus and global recession.
Levels to watch for in regards to pauses and bounces would be $49, $42, $35, and $30.
Good luck trading and remember this is not financial advice.
Since the previous high was about this point too, I'm convinced that with this bearish pattern at the same height we're about to drop.
My order is placed a little higher because I think we can get in with a better entry, the resistance on the left chart held on great and meets the resistance of the previous high.
Note that the horizontal lines are for my alarms,...
