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BX trade ideas

BX - Looking for yield? Covered short straddle on Blackstone!THE DAWN OF ASSET MANAGERS As discussed towards the end of last year, 2018 should be the year of the brokers and asset managers (please watch related ideas below). In this context, and with a dividend yield of 6.36%, BX is probably one of the best asset management pure-plays out there. The trend has been strong on all time frames and the stock is attempting a breakout as we speak. But how to play it in the current top-ish market environment? There is a smarter way than a simple outright buy. LOOK FOR YIELD AND ENHANCE IT WITH OPTIONS 1. Buy the stock in a half size which makes sense to your strategy or portfolio at $34.91 (last close) 2. Sell one-year $40 OTM CALL and pocket $1.39 (indicative) 3. Sell one-year $32 OTM PUT and pocket $2.66 (indicative) COMPELLING RISK AND YIELD ANALYSIS At expiration of the options, in one year, one of the below should happen. 1. The stock is range-bound ($32-40): Stay long the stock and pocket (call premium + put premium + dividend yield) = 3.98% + 7.62% + 6.36% = 17.96% 2. The stock breaks out and trades above $40: Deliver the shares at $40 and pocket (capital gain + dividend yield + call premium + put premium) = 14.58% + 6.36% +3.98% + 7.62% = 32.54% 3. The stock breaks down and trades below $32: Receive the shares and end up with a full position at an average price of $33.45 while you pocket (dividend yield + call premium + put premium) = 6.36% + 3.98% + 7.62% = 17.96% . All the while, you become long one of the best asset managers in the world with an improved dividend yield >10%. THIS STRATEGY CAN BE ROLLED OUT WITH ANY TIME HORIZON (MONTHLY, QUARTERLY, SEMI-ANUALLY). COMMENTS WELCOME.
NYSE:BXLong
by HAL9000
Blackstone retracementIdea: Blackstone is has been off the recent daily high since July. The short trend on the 1 hour chart is due for a retrace. News might be enough to give the short trend a break as Blackstone has acquired Harvest Fund Advisors LLC as a way to gain exposure to increasing NatGas prices as Harvest invests in U.S pipelines and export terminals. The news of the deal didn't move the price up when it was announced. Lets see if it will move on technicals. Short term profit fibs are marked on the chart. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
NYSE:BXLong
by fionnablack
BX- $40 Billion New Saudi Arabia $$From weekly BX chart, BB squeeze is happening right now and doji (or weekly undecided candlestick). Saudi's PIF plan $40 billion infrastructure investment fund announced, during POTUS Trump visit. Will be holding BX for long term, by either buying a combination of shares of stock and/or using stock options. *Note: If you are using options, please use right strategy and/or time for your plan. Options give you leverage, by owning the option of owning 100 shares (per contract) of any kind of stock, but not obligation to own it. PA is now at around $30.00 a share, with 1st resistance area of $34.00. From daily BX chart, shows a bullish pinbar (three candlestick pattern). I think next week PA will easily continue up. From website: Finviz, most analyzes have $40.00 go
NYSE:BXLong
by Anbat
When it rains it pours on BXHistorically when the coppock curve reaches this level the stock drops at least 1% over the next few weeks with an average drop of more than 11%. I am looking at two levels over that time but also monitoring two timeframes for a significant loss to take place. My conservative drop is around 25.81 where the stock floated multiple times since the election. This would only be a 4.53%, but conservatively most likely to be a sure thing. The other play is near the bottom of the trendchannel. BX has dropped from the top of the channel to the bottom twice this year. The first occurred over 11 trading days and the second occurred over 53 trading days. Since BX is already beyond that 11 day point, I marked out 23 days (roughly half of 53) and 53 trading days. If the bottom of the channel is hit, it could happen within one of these timeframes. A perfect storm of levels are pointing at January 17 (23 days from the top of the trend channel) and January 18 (roughly 10% drop from January 2). The 10 percent drop is a more conservative figure than the average 11.56% decline.
NYSE:BXShort
by StockSignaler