Options/BX

BXBlackstone Inc.

Options Analysis Report•INVESTMENT ADVICE

Market Cap $107.8B|NYSE

● 2026-08-28$143.64

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y -16.5%YTD -9.5%7D +0.2%

Options Vol

8,043

30D

Implied Move

±9.7%

IV Rank

BX Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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BX Gamma Walls

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BX Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where BX sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.76) — near-dated vol is priced 6% below far-dated, and downside puts carry 1.1 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.37): it is trading 3% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

1.76/ 10cheap

Basis: cross_sectional

Fragility

4.37/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

6.1

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 64.7% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.95x — IV ≤ HV

Sector Relative≤50%

Sector percentile 86% — above sector median

Term Structure

<1.1x

Front/Back 0.94x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 35.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 49.2% (ATM 35.4% + spread 6.9% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 11.99% (spread 6.88% + slippage 5.11%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 22.69 (vega 15.610 / spread 6.88%) — efficient

Sentiment

Bullish or bearish?

4.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -9%, Raw: -10%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -9% (neutral) — Raw: -10%

OI Skew Magnitude

≥15%

|OI skew| 19.7% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +1.1%, OI skew -19.7% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 25%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -20%, ATM: -20%, OTM: -6% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 56% — bearish vs sector

Activity

Unusual activity?

2.2

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.4x avg — normal

Turnover Rate

≥15%

Vol/OI 1.7% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -3.9% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 36% — below sector avg

Trade Quality

≥30%

Large trade volume 22% — mixed

Execution Urgency

≥60%

Aggressive execution 26% — patient

Flow Conviction

≥30

Conviction -9 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.8

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 6.9% — wide

Adequate OI

≥10,000

OI 487,902 — deep

Active Volume

≥500

Volume 8,043/day — active

Reasonable Cost

≤$0.50

$0.34 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 87% — much wider than sector

Order Book Depth

≥100 contracts

Depth 178.9 contracts (bid:65.5 ask:113.4) — adequate

Execution Quality

<1.0%

Avg slippage 5.11% — poor

Timing

Is now a good time?

7.4

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -5.8% — contango

IV Percentile Clarity

<30 or >70

IV percentile 65% — neutral

Event Detection

≥10pts kink

IV kink -1.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 160.27 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -9% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 52 (ITM 20% + inst 22%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls5.6

bullishIV cheap, mixed flow

Long Puts5.9

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.9

bullishIV too cheap, mixed flow

Covered Call5.2

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.