Yesterday BX traded about 4500 Oct 19 22 put option contracts and about 3500 Oct 19 23 Put option contracts. This type of bet suggests that BX will miss earnings --- I'm long 20,000+ shares. Anyone have any insights ?
You really have to know if they went at the Bid or Ask, and also what the Open Interest was prior to the trade to see of it was an Open or a Close of a position. It could have been a Put Spread or a Roll Down. Volume by itself really doesn't tell you very much.