Blackstone Surges 2.7% on Bullish Momentum as Options Market Lights Up

Summary
• Blackstone (BX) rockets 2.73% to $163.14, breaking above its 100-day moving average of $160.13
• Sector leader Apollo Global (APO) mirrors BX’s momentum with a 2.76% intraday gain
• Options chain sees $238,730 turnover in the 165-strike call, signaling aggressive bullish positioning

Blackstone’s sharp intraday rally has ignited a surge in options activity, with the stock trading near its 52-week high of $190.08. The move coincides with Apollo Global’s sector-leading performance and a technical setup showing bullish momentum across multiple timeframes. Traders are now parsing whether this breakout will consolidate or trigger a broader sector rotation.

Technical Bullishness Drives Blackstone Higher Amid Quiet Earnings Season
With no material company news or earnings reports to anchor the move, Blackstone’s 2.73% intraday gain is being driven by a confluence of technical factors. The stock has pierced above its 100-day moving average ($160.13) and 200-day average ($153.44), triggering algorithmic buying. A bullish MACD crossover (1.89 vs. 1.60 signal line) and RSI at 61.32—well above oversold territory—suggest institutional accumulation. The 200-day Bollinger Band at $149.49 is now a confirmed support level, reinforcing the breakout narrative.

Asset Management Sector Syncs with Blackstone's Rally as APO Leads Charge
The Asset Management & Custody Banks sector is amplifying Blackstone’s momentum, with Apollo Global (APO) rising 2.76% to mirror BX’s performance. Both stocks are trading above their 200-day averages and showing similar RSI profiles (61.32 for BX vs. 62.45 for APO). This synchronized movement suggests a broader sector rotation rather than isolated Blackstone activity, as investors bet on fee growth in a stabilizing interest rate environment.

Options Playbook: High-Leverage Calls and Gamma-Driven Bets Emerge as Favorites
• MACD: 1.89 (bullish crossover) • RSI: 61.32 (neutral) • 200D MA: $153.44 (below price) • Bollinger Band Width: 158.37–149.49 (breakout confirmed)

Blackstone’s technical setup favors bullish strategies, with key support at $151.06 (30D) and resistance at $190.09 (52W high). The BX20260109C165 call (strike $165, expiring 1/9) and BX20260109C162.5 (strike $162.5, same expiry) stand out for their high leverage and liquidity.

BX20260109C165
• Code: BX20260109C165 • Type: Call • Strike: $165 • Expiry: 2026-01-09 • IV: 30.50% (moderate) • Leverage: 115.47% • Delta: 0.36 • Theta: -0.357 • Gamma: 0.0645 • Turnover: $238,730
• IV: 30.50% (moderate volatility) • Leverage: 115.47% (high gearing) • Delta: 0.36 (moderate directional sensitivity) • Theta: -0.357 (rapid time decay) • Gamma: 0.0645 (high sensitivity to price swings)
This contract offers explosive potential if BX closes above $165 by 1/9. A 5% upside to $171.30 would yield a payoff of $6.30 per contract, with leverage amplifying returns.

BX20260109C162.5
• Code: BX20260109C162.5 • Type: Call • Strike: $162.5 • Expiry: 2026-01-09 • IV: 32.90% • Leverage: 60.98% • Delta: 0.529 • Theta: -0.447 • Gamma: 0.0634 • Turnover: $21,777
• IV: 32.90% (moderate volatility) • Leverage: 60.98% (aggressive gearing) • Delta: 0.529 (strong directional bias) • Theta: -0.447 (rapid decay) • Gamma: 0.0634 (high sensitivity)
With a 5% upside to $171.30, this contract would yield $8.80 per contract. Its higher delta makes it ideal for near-term directional bets.

Aggressive bulls should consider BX20260109C162.5 into a break above $165.

Backtest Blackstone Stock Performance
The backtest of BX's performance after a 3% intraday increase from 2022 to now shows favorable results. The 3-Day win rate is 53.29%, the 10-Day win rate is 53.89%, and the 30-Day win rate is 53.49%, indicating that the ETF tends to experience positive returns in the short term following the intraday surge. The maximum return during the backtest period was 3.01%, which occurred on day 59, suggesting that there is potential for gains but with some volatility.

Act Now: Blackstone’s Bullish Setup Offers High-Probability Entry Amid Sector Synergy
Blackstone’s technical breakout and sector alignment with Apollo Global (APO) create a high-probability trade for near-term gains. The 200-day moving average at $153.44 and 52-week high at $190.09 are critical levels to monitor. With APO’s 2.76% rally reinforcing sector strength, traders should prioritize the BX20260109C162.5 call for directional exposure. Watch for a close above $165 to confirm the breakout, or a pullback to $151.06 for a second-chance entry. If $165 breaks, the 162.5-strike call becomes a must-have in bullish portfolios.